Re:India’s banking system is flirting with a Lehman moment
by OldHand2018 on Saturday November 10, 2018 @11:49AM
(#18422120)
> Napoléon was first emperor in 1804 - if it was from then, we’re talking 214 year old debt - fascinating!
The UK issued perpetual bonds starting in 1751. They were called Consol Bonds, but they were all redeemed in 2015.
The US has historically issued Consol bonds with the right of redemption. The last mention of Consol bonds I can find is the June 1935 Treasury report [1] so presumably that's when they were fully redeemed.
The UK issued perpetual bonds starting in 1751. They were called Consol Bonds, but they were all redeemed in 2015.
The US has historically issued Consol bonds with the right of redemption. The last mention of Consol bonds I can find is the June 1935 Treasury report [1] so presumably that's when they were fully redeemed.
[1]https://www.treasurydirect.gov/govt/reports/pd/mspd/pre1997/...