| Type | Bond |
|---|---|
| Represented Quantity | 1 |
| Nominal | 500 US-$ |
| Coupon Rate | 7.5% |
| Place of Issue | New York, Cuba |
| Date of Issue | September 1, 1924 |
| Printing Firm | American Bank Note Company |
| Language | English |
| Year of Acquisition | 2016 |
| Condition | EF |
Description
The Cespedes Sugar Company was incorporated in 1924 as a Cuban corporate to own and operated the newly built central Cespedes in the Camagüey province, Cuba. The company struggled in the 1930s. From 1942 it was able to pay reduced interest on its debt and to make repayment contributions - which came to an end with the Cuban revolution. The milll survived the Cuban revolution and may still be operating today. The company was connected to the Rionda family.
Typical design for the period. Vignette with three allegorical figures symbolising industry, agriculture (or craft) and progress. The bond was deposited under an agreement in 1931 between the company and bondholders as a result of which bondholders began to receive interest and capital repayments later. Unlike in some other cases the coupons remained attached to the piece. A sample receipts for the yearly payments can be found here. Stamped “Specimen”, üunchholes. The bonds were stock exchange listed up to 1932.