The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

Forget the vigilantes, here come the bond foodies


Hotel Chocolat, a UK confectioner, is seeking to raise £5 million ($7.2 million) by selling "chocolate bonds" to loyal customers, who will receive their coupon payments in chocolate, equivalent to a yield of 6.7%. It’s a novel idea in these cash-strapped times, a kind of hybrid barter system, so Euromoney decided to come up with its own mock menu for the European sovereign bond market. Greece could pay in moussaka, the Spanish perhaps in paella, Portugal with bacalhau, and the French in duck confit. As for Germany, well the obvious dish would be sauerkraut, but given its attempts to battle the forces of the financial markets head on, that might be too much of a double entendre.

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to and analysis and receive expertly-curated updates direct to your inbox.


Already a user?

Login now


We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree