Of Interest
you are currently viewing:The World's Oldest Bond Just Celebrated Its 400th Birthday And Still Pays an 13.64 Euro Annual YieldDecember 16, 2024--On December 10,1624, a Dutch water authority issued a bond to fund repairs for a critical dike breach. Four centuries later,that bond is still alive,making it the oldest bond in the world. This perpetual bond, issued by Hoogheemraadschap Lekdijk Bovendams, continues to pay interest, reminding us of the enduring power of financial innovation. The 400th-anniversary celebration saw representatives of the bond's current owner, the New York Stock Exchange (NYSE), receive an interest payment of €299.42 in Utrecht, Netherlands. Despite the modest annual yield of €13.64, the bond is a testament to the Dutch mastery of financial systems, which played a pivotal role in shaping modern markets. The Origins of the World's Oldest Bond In 1624, the Netherlands faced a devastating dike breach along the River Lek, threatening Amsterdam and surrounding areas. To fund the necessary repairs, Hoogheemraadschap Lekdijk Bovendams issued more than 50 perpetual bonds, raising 23, 000 Carolus guilders. Source: thecapitalist.com |
ICYMI: Report Shows 'Annoyance Economy' Rips Off Consumers for $165 Billion Annually
March 4, 2026--Spam and robocalls cost Americans over $32 billion annually, junk fees cost consumers $90 billion annually, and health care headaches cost $41 billion.
Groundwork Collaborative recently published Taking on the Annoyance Economy, which totals the cost of the Annoyance Economy at $165 billion in wasted time and effort.
Ranked: The World's Richest Countries vs. the Happiest Countries
February 27, 2026--Several Nordic countries rank among both the richest and happiest in the world.
Some ultra-wealthy nations, including Singapore and Qatar, do not make the top 20 for happiness.
Only a handful of countries appear near the top of both rankings.
WFE Accessing Transition Finance-A Practical Guide for Issuers
February 26, 2026--Transition finance that enables the economy and finance to move towards Net Zero and other sustainability-related goals is a significant opportunity for businesses and investors.
Global climate finance, which supports activities that are already green, reached $1.9 tr in 2023 and is estimated to have exceeded $2 tr in 2024.
