Henry B., an 82-year-old retired legal consultant and businessman residing in Paris, the capital of France, applied to the Romanian state to get the price of the bond, which was issued in 1929 and paid to the bearer.
WRITTEN ON THE BACK…
The phrase on the back of the bond shows that Romania corresponds to its public debt.
Anonymous bond is a security for real estate debt and due to its anonymity it belongs to the person holding it. It was learned that Henri B.’s bond was issued by Romania in 1929 to finance part of the country’s public debt.
CURRENT VALUE OF 115 MILLION 887 THOUSAND EURO
It is stated that the bond was worth “500 Gold Francs” at the time of issue, but its current estimated value is 115 million 887 thousand euros. Henry B. had bought the bond 4 years ago from a Romanian colonel for 300,000 euros.
NO RESULTS YET
Henry B. applied to the Romanian National Bank and the Romanian Embassy in Paris to get the value of the bond, but with no results yet.
In the 1930s, on the other hand, it was common for countries to issue government bonds in exchange for simple annual interest to pay off their public debt. (UAV)