Happy 400th birthday to the world’s oldest bond

Quick Summary:

Four hundred years ago — on New Year’s Day in 1624 — drifting ice on the river Lek in the Netherlands smashed up a dike outside Utrecht.

NYSE archivists Peter Asch and David D’Onofrio received the interest on behalf of the Big Board, but promptly donated it to a local dike museum we later visited.

Most of the bonds the Lekdijk Bovendams issued were eventually bought back — they could be redeemed at any time at the discretion of the water authority — while others have been lost over the years.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Robin Wigglesworth

Category: MarketsFinanceInvesting

Markets: United StatesNetherlandsOman

Topics: Water Interest Utrecht Aforesaid 1624 Bond Financial Year Years Dike Bonds

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-11 @ 10:08:45 (1 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 1570 words

Reading Time: 9 minutes read

Sentences: 61 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 24351996

View Article Analysis

About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 10 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 15 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

Publisher Details

Frequently Asked Questions