World's oldest bond celebrates 400 years with a €300 payout

Two representatives of the New York stock exchange were in Utrecht this week, to pick up a some €300 in cash, payable on a 400 year-old bond issued to pay for repairs to a dyke. “And that needed money.” Bond holders are entitled to interest on their loans, in this case 2.5% on 1,200 Carolus guilders – or the grand sum of €13.64 a year. New Yorkers in Utrecht om eeuwenoude lening te innen: en om dit bedrag gaat het https://t.co/BILApRN5f9 — RTV Utrecht December 10, 2024 “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.