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Because the bond has to be physically presented. Moving such a document is extremely risky and a lot of work so not worth it in almost any case short of the PR
by caseysoftware 2y ago
Because the bond has to be physically presented.
Moving such a document is extremely risky and a lot of work so not worth it in almost any case short of the PR bump/curiousity of having the "world's oldest bond"
- bagels 2y agoEven if you didn't have to move it, getting a taxi to some meeting place would exceed the interest payments, let alone traveling to Europe.
- seizethecheese 2y agoGiven this, we should be thankful that the NYSE is maintaining this at a loss. It occurs to me that NYSE might be the best owner of this bond, as the primary value isn’t monetary, but the demonstration of stable financial institutions.