Sinking Fund Gold Bond Interest Coupon, North German Lloyd, 1927 Issue
Sinking Fund Gold Bond Interest Coupon - The third coupon used to collect interest on the November 1927 Bond Issue from Norddeutscher Lloyd.
This is the Third Coupon in a series of Ten that was originally issued on 1 November 1927 by Norddeutscher Lloyd.
|In German||English Translation|
North German Lloyd
The bonds had a par value of $1,000 each, known as Twenty-Year 6 per cent. Sinking Fund Gold bonds, dated November 1, 1927, of an authorized issue of $20,000,000.
In the latter part of 1933, Norddeutscher Lloyd was in a difficult financial situation and proposed to adjust the rate of interst paid from six to four percent. New bonds replacing this issue occrued in 1934 and the 1927 bond issue was effectively retired.
See Andrews v. Norddeutscher Lloy, No. 7627, 15 F,Syoo, 296 (1936), Andrews v. Norddeutscher Lloyd (Bremen) (North German Lloyd of Bremen) et al, District Court, E. D. New York, 27 May 1936.