General Electric Credit Corporation - GE - 1985 dated Specimen Bond
Inv# SE1401 Bond
$10,000 Specimen Bond; American Bank Note Company. General Electric Company (GE) is an American multinational conglomerate, incorporated in New York and headquartered in Boston. Until 2021, GE operated across various industries, including aviation, power, renewable energy, digital industry, weapons manufacturing, locomotives, and finance. However, the company has since streamlined its focus to four key segments: aviation, power, renewable energy, and digital industry.
In 2020, GE was ranked 33rd in the Fortune 500 list of the largest U.S. companies by gross revenue. Despite once being ranked as the 14th most profitable company in 2011, GE faced significant financial challenges, underperforming the market by approximately 75% as its profitability collapsed. Notably, two GE employees, Irving Langmuir (1932) and Ivar Giaever (1973), were awarded Nobel Prizes. On November 9, 2021, GE announced its plans to split into three separate public companies, each focusing on different sectors: aviation, healthcare, and energy (including renewable energy, power, and digital). The healthcare spinoff is expected in 2023, followed by the energy division in 2024.
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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