Republica De Cuba - 1,000 Pesos - 1950 dated Bond Uncanceled - Many Coupons Attached
Inv# FB6383 Bond
1,000 Pesos 4% Uncanceled Bond with many coupons attached. Printed by Columbian Bank Note Company.
This remarkable bond, a $1,000 issue from the Republic of Cuba’s National Development Public Debt Program (Emisión de Bonos de la Deuda Pública de Cuba), was issued on August 21, 1950, through the Banco Nacional de Cuba. With an interest rate of 4% and a maturity date of June 30, 1980, this bond played a crucial role in a significant government financing initiative aimed at supporting Cuba’s national development projects during the post-World War II era. The certificate showcases an ornate green border, the Cuban coat of arms, and intricate security printing, characteristic of mid-20th-century sovereign debt instruments. These bonds were backed by the Cuban government and reflected the country’s efforts to finance infrastructure, public works, and economic expansion during a period of relative prosperity before the Cuban Revolution.
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