Translated material
Bob Dylan failed Goldman Sachs
How the Financial Times jokes today , now Dilan's song When The Deal Goes Down Bank Goldman Sachs can use as one of the corporate hymns for Road Show. And all because the bank’s attempt to place SESAC bonds, a company that owns the rights to audio recordings of several American artists, including Dilan itself, has failed. Investors did not like the idea.
In total, it was planned to occupy $ 300 million. The essence is that bonds are susceptible to unprofitable risk: the percentage of them fluctuates depending on the demand for the creativity of the musicians. Now Goldman Sachs is inventing some new schemes. So far, they decided to divide bonds into two groups by risks. Some, wealthy by artists, are more anointed, suggest yield lower. Others have high risks, but you can make more money on them.