/Newswire – Toronto / In a move described as the next logical step in business financing, easyDNS Technologies announced today the issuance of $1,000,000,000 CAD in negative yielding debt (“easyBonds”).
The issuance will carry a short-term maturity of 30 days and yield negative 50 basis points (or -0.5%). The move will net the Toronto based DNS provider and domain registrar a cool $5 million dollars in interest income after the debt is “paid off” to bondholders.
Asked why lenders would be willing to purchase debt at a negative yield, easyDNS CEO Mark Jeftovic went on an epic serial Twitter rant in order to “explain this to the press as if they were 2-year olds”:
The easyBonds will float when markets open Monday and mature on May 1, 2017. Accredited investors only.
NIRP…Not even once… ^_-
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