Bonds, Bowie and big tobacco

NSW may find singer David Bowie and US tobacco companies useful studies in securitisation.

PORTFOLIO POINT: Singer David Bowie and US tobacco companies could prove useful in the NSW government’s plan to securitise its lotteries revenue.

Last month NSW Treasurer, Mike Baird, appointed Macquarie Capital to investigate the viability of monetising part of the NSW lottery revenue duties received by the state.

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