United States Steel Corporation - 1958 dated $1,000 4% Sinking Fund Bond
Inv# GB5585 Bond$1,000 4% Bond printed by American Bank Note Company. Some coupons remain. United States Steel Corporation (NYSE: X), more commonly known as U.S. Steel, is an American integrated steel producer headquartered in Pittsburgh, Pennsylvania, with production operations in the United States and Central Europe. As of 2018, the company was the world's 27th-largest steel producer and the second-largest in the US, trailing only Nucor Corporation. Though renamed USX Corporation in 1986, the company was renamed United States Steel in 2001 after spinning off its energy business, including Marathon Oil, and other assets from its core steel concern.
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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