Green Lady/Green Diamond Estados Unidos Mexicanos - 1899 dated Mexican Bond
Inv# FB5164 Bond
£100, $500, 5%, Variety of Different Series Letra's. Nicknames: "Green Lady or Green Diamond"
Mexican government bonds dated 1899, such as the “Republica Mexicana, Deuda Consolidada Exterior Del 5% de 1899,” offer fascinating insights into a tumultuous era in Mexico’s financial history. Issued during a period of relative stability under President Porfirio Díaz, these bonds aimed to consolidate Mexico’s foreign debt and attract external capital. Interest payments were made regularly until the outbreak of the Mexican Revolution in 1914. After the revolution, Mexico endured a prolonged period of default on its external debts, which persisted for decades. The status of these specific 1899 bonds, along with many other pre-revolutionary issues, was eventually resolved through a series of restructurings and agreements with international bankers’ committees. These agreements led to new bond issuances in the mid-20th century.
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.
Ebay ID: labarre_galleries