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Episode 11: How David Bowie Became a Financial Product

Odd Lots

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How David Bowie Sold Rocket's Seed

David Bowie got the concept of securitization faster than other investors, bankers or investors. He grasped new ideas and concepts and was willing to take a chance and wasn't afraid to fail. So we went ahead with it. We did the deal in Rocket's Seed. How big was the offering? It was $55 million than it was rated at the single A level. They were 20 or legal finals, 15-year expected maturity; priced off US 10-year treasury.

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