Austria - Boden-Credit-Anstalt - 1911 dated 40 Millionen Bond
Inv# FB6682 Bond
40 Millionen 3% Bond. The Allgemeine Bodencreditanstalt (short: Bodencredit or simply “Boden”) was an Austrian credit institution. The headquarters was at Teinfaltstrasse 8 in Vienna's 1st district, Innere Stadt. Table of contents The 1863 as k.k. Priv. Allgemeine Österreichische Boden-Credit-Anstalt was a highly respected institution at the time of the Danube Monarchy, which was dedicated, among other things, to financing railway construction and mortgage loans. It managed the assets of members of the imperial family and the high nobility, took estates as mortgage security and issued mortgage bonds. At the turn of the century, the institute also financed the conversion of large private factories into stock companies and, in this context, built up a large industrial group in all areas of the monarchy under its governor Theodor von Taussig.
After Taussig's death, Emperor Franz Joseph appointed Rudolf Sieghart as governor in 1910, an extremely ambitious but controversial financial expert who came into clear tension with the House of Rothschild at an early stage. In his memoirs, the temporary CA general director Alexander Spitzmüller noted that as early as 1910, Albert Salomon Anselm von Rothschild, the then head of the house, had predicted that Sieghart's vanity, ruthlessness and his influence on the newspapers would lead the bank he led into very dangerous directions push and ultimately ruin. Sieghart's risky policies are said to have largely immobilized the “Boden” even before the start of the First World War. Read more at https://de.wikipedia.org/wiki/Allgemeine_Bodencreditanstalt
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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