Beer Bonds

Bonds do not necessarily have to pay cash coupons. A bond by Scottish brewery BrewDog highlights this point. BrewDog is considering a new bond issue that would have a 6 percent coupon, paid out as 3 percent in cash and 3 percent in craft beer. If you have buy one of these bonds, you would get a cash payment, a coupon for £20 in BrewBucks redeemable at the company's bars, a free book, and a free beer on your birthday each year you are a bondholder. Cheers!