Cuba Cane Sugar Corporation
Convertible Debenture Bond | 1920 | One piece at 500 Dollars| Type | Convertible Debenture Bond |
|---|---|
| Security Number | 00000 |
| Represented Quantity | 1 |
| Nominal | 500 Dollars |
| Coupon Rate | 7% |
| Place of Issue | New York, United States of America |
| Date of Issue | 1920 |
| Printing Firm | American Bank Note Company |
| Language | English |
| Year of Acquisition | 2026 |
| Condition | EF |
Description
A major undertaking in Cuban sugar. It was set up in 1916 with Manuel Rionda as a key driver and at the time was estimated to control 1/6th of Cuban output. In 1930 it was reorganized as the short lived Cuban Cane Products Company which from 1935 was reorganized to form the Cuban Atlantic Sugar Company owning 9 mills in 3 provinces in 1938. In 1935 also the Eastern Cuba Sugar operating the Velasco mill was effectively spun off.
Typical 10-year convertible debenture bond. Vignette with a harvesting scene. The conditions of the bond provided that the bonds could be exchanged for shares in the Cuba Cane Sugar Corporation. Coupons (front/rear).