Mitsubishi Rayon Co., Limited - 1974 dated $1,000 Bond
Inv# FB6566 Bond
$1,000 9% Bond.
Mitsubishi Rayon Co., Ltd., established on August 31, 1933, is a Japanese textile company that manufactures chemicals, plastics, and fibers. It holds the distinction of being Japan’s largest producer of acrylic fibers. In 2010, it became a wholly owned subsidiary of Mitsubishi Chemical Holdings.
Beyond its primary acrylic fiber production, Mitsubishi Rayon is also one of the leading manufacturers of golf shafts. These shafts have gained significant popularity, particularly on the PGA and European Tours, and are now increasingly sought after by consumers. Notable brands that utilize Mitsubishi Rayon shafts include Ping, Callaway Golf, Nike, Titleist, and TaylorMade, which manufacture their golf clubs using these shafts.
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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