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Happy 400th birthday to the world’s oldest bond
Financial Times ^ | December 11 2024 | Robin Wigglesworth

Posted on 12/15/2024 12:49:13 PM PST by thecodont

Link only per copyright restrictions.

(Excerpt) Read more at ft.com ...


TOPICS: Business/Economy; Culture/Society; Miscellaneous; News/Current Events
KEYWORDS: epigraphyandlanguage; finance; godsgravesglyphs; investing; netherlands; nyse; utrecht
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1 posted on 12/15/2024 12:49:13 PM PST by thecodont
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To: thecodont

2 posted on 12/15/2024 12:52:30 PM PST by Governor Dinwiddie ( O give thanks unto the Lord, for He is gracious, and His mercy endureth forever. — Psalm 106)
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To: thecodont

More here:

https://www.beursgeschiedenis.nl/en/moment/a-perpetual-bond/

and here:

https://www.nytimes.com/1962/10/01/archives/dutch-exchange-still-honors-its-1624-bond-amsterdam-board-is-modern.html


3 posted on 12/15/2024 1:03:05 PM PST by thecodont
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To: thecodont

Ye Olde Supre Glew?


4 posted on 12/15/2024 1:03:48 PM PST by BenLurkin (The above is not a statement of fact. It is either opinion, or satire, or both.)
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To: thecodont; AdmSmith; AnonymousConservative; Arthur Wildfire! March; Berosus; Bockscar; BraveMan; ...

The problem is, when he tries to utter the phrase, “Bond, James Bond”, his dentures fall out.


5 posted on 12/15/2024 1:13:32 PM PST by SunkenCiv (Politics do not make strange bedfellows, and the enemy of your enemy may still be your enemy.)
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To: SunkenCiv

Heh.


6 posted on 12/15/2024 1:19:31 PM PST by thecodont
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To: thecodont

All financed by tulips.


7 posted on 12/15/2024 1:22:20 PM PST by Round Earther
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To: thecodont

More:

https://www.nytimes.com/1962/10/01/archives/dutch-exchange-still-honors-its-1624-bond-amsterdam-board-is-modern.html

“I’m here with a living piece of history, not just a piece of paper,” said his colleague David D’Onofrio. “It is a bond that is still paying interest on a dyke that is still in use today.”

The bond entitles the holder to €13.64 a year and was last paid out 22 years ago. Asch and D’Onofrio have donated the money to the village museum in Tull en ’t Waal to keep the history of the dyke breach alive.

“We know there are still seven bonds out there, and we know where five of them are,” said Haan. “So if you have one in your attic, they are still paying out.”


8 posted on 12/15/2024 1:22:53 PM PST by thecodont
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To: thecodont

Wrong like on previous post, correct link is below:

https://www.dutchnews.nl/2024/12/worlds-oldest-bond-celebrates-400-years-with-a-e300-payout/


9 posted on 12/15/2024 1:24:11 PM PST by thecodont
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To: thecodont

Thanks for posting.

Perpetual Bonds seem like crazy instruments with no shortage of risks.


10 posted on 12/15/2024 1:32:37 PM PST by Paladin2
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To: thecodont

The interest should be paid in gold or silver coins from the time/era of issuance.


11 posted on 12/15/2024 1:34:37 PM PST by Paladin2
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To: Round Earther
All financed by tulips.

Because tulips are always better than one.

12 posted on 12/15/2024 1:34:38 PM PST by chajin ("There is no other name under heaven given among people by which we must be saved." Acts 4:12)
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To: Governor Dinwiddie
I thought it read World's Oldest BAND!


13 posted on 12/15/2024 1:37:26 PM PST by Larry Lucido (Donate! Don't just post clickbait!)
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To: StayAt HomeMother; Ernest_at_the_Beach; 1ofmanyfree; 21twelve; 24Karet; 2ndDivisionVet; 31R1O; ...
Thanks thecodont.

14 posted on 12/15/2024 1:54:46 PM PST by SunkenCiv (Politics do not make strange bedfellows, and the enemy of your enemy may still be your enemy.)
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To: Larry Lucido

I’m pretty sure that Keith Richards was one of the original purchasers, but he sold out a while ago to finance his recreational drugs.


15 posted on 12/15/2024 1:56:20 PM PST by Ancesthntr ("The right to buy weapons is the right to be free." The Weapons Shops of Isher)
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To: SunkenCiv

Funniest today. Good one.


16 posted on 12/15/2024 1:59:26 PM PST by frank ballenger (There's a battle outside and it's raging. It'll soon shake your windows and rattle your walls. )
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To: frank ballenger

:^)


17 posted on 12/15/2024 2:01:57 PM PST by SunkenCiv (Politics do not make strange bedfellows, and the enemy of your enemy may still be your enemy.)
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To: thecodont
The Apian Way running bond is lots older...


18 posted on 12/15/2024 2:23:29 PM PST by ProtectOurFreedom (There are two ways to live your life: nothing is a miracle or everything is a miracle - A. Einstein)
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To: SunkenCiv

Bond..... James Bond..,.


19 posted on 12/15/2024 5:29:12 PM PST by Red Badger (Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
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To: Red Badger

Nyah nyah.

https://freerepublic.com/focus/news/4284669/posts?page=5#5


20 posted on 12/15/2024 5:32:15 PM PST by SunkenCiv (Politics do not make strange bedfellows, and the enemy of your enemy may still be your enemy.)
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