Recently the performer david Bowie raised over $55million by issuing personal bonds which he agreed to pay off when they mature in ten years. Bowie offered royalty sales from his past album, which asymmetric information problem would exist if bowie offered royalty sales from future aalbums as collateral? Recently the performer david Bowie raised over $55million by issuing personal bonds which he agreed to pay off when they mature in ten years. Bowie offered royalty sales from his past album, which asymmetric information problem would exist if bowie offered royalty sales from future aalbums as collateral