Bond issue on the grapevine

The beneficiaries of the estate of the late Motown singer, Marvin Gaye, have agreed to a bond issue that will be funded by royalties…

The beneficiaries of the estate of the late Motown singer, Marvin Gaye, have agreed to a bond issue that will be funded by royalties from the future sales and use of his songs. The Marvin Gaye Bonds are similar to the Bowie Bonds issued on behalf of David Bowie to investors. In return for signing away the rights to the future revenue, Mr Gaye's children will get an unspecified lump sum. The deal is being handled by New York's Pullman Group. Mr Gaye was killed by his father in 1984.

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