According to a statement released on Tuesday (July 22), Concord is issuing $1.765 billion in bonds via a series of new five-year, seven-year, and ten-year senior notes. The bonds are backed by Concord’s catalog of over 1.3 million music copyrights. The latest bond issuance represents Concord’s fourth securitization offering and is claimed to be “the largest and longest tenured asset-backed term securitization of music rights to date”. Source: Concord closes $1.76 billion asset-backed securities transaction to ‘fuel continued growth’