| Type | Bond |
|---|---|
| Represented Quantity | 1 |
| Nominal | 100 US-$ |
| Coupon Rate | 7.5% |
| Place of Issue | New York, Cuba |
| Date of Issue | July 15, 1922 |
| Printing Firm | American Bank Note Company |
| Language | English |
| Year of Acquisition | 2021 |
| Condition | EF |
Description
The Compañía Azucarera Baraguá was originally established as a US corp (named Baraguá Sugar Company) in 1916 to build the Baraguá mill in the Camagüey province, Cuba. In 1922 the company was acquired by Punte Alegre Sugar Company and a new Cuban entity was formed - the Compañía Azucarera Baraguá. The mill survived nationalization after the Cuban revolution and may still be operating today.
Specimen. Typical design for the period. Vignette of a harvesting scene. Coupons here. Stamped “Specimen”, punchholes, 00000-numbered.
In a move familiar today in leveraged buy-outs the money raised by the company with this bond was part of the purchase price paid to previous owners.
Sources: The Cuba Review and Bulletin 1907 - 1923 | Museum Fraikin (museum-fraikin.de), Manual of Sugar Companies, 1938. Farr & Co | Museum Fraikin (museum-fraikin.de), American Sugar Kingdom. The Plantation Economy of the Spanish Carribean 1898 - 1934 | Museum Fraikin (museum-fraikin.de), 11 Jan 1916, Page 1 - The News Journal at Newspapers.com, 01 Jul 1922, Page 10 - The Wall Street Journal at Newspapers.com all visited on 25.6.2022