Brian Chappatta, Columnist

Those Burgers and Tacos Are Actually Backing Bonds

Restaurant chains like Wendy’s and the parents of Taco Bell and IHOP lead the way on esoteric asset-backed securities.

June 10, 2019 at 10:00 AM UTC

Brian Chappatta is managing editor of Bloomberg News' leveraged finance and distressed debt teams. He was previously managing editor and team leader of its wealth group. Before that he was a Bloomberg Opinion markets and finance columnist and a bonds reporter for Bloomberg News.

Investors like it when extra yield is on the menu.
Photographers: Callaghan O'Hare (Wendy’s), Daniel Acker(Taco Bell)/Bloomberg; Scott Olson (IHOP)/Getty Images

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Wendy’s. Domino’s. Dunkin’.

Jimmy John’s. Taco Bell. Sonic.