25-year 8% external gold amortization loan from 1925. - $500 bond converted to $525, interest rate reduced to 4.5%(dark blue print).
This is a bond of the so-called Dillon loan - under a December 31, 1938 agreement between Poland and the Dillon, Read & Co. bank, the loan was converted by reprinting the bonds with navy blue print and exchanging coupons. The final repayment of these bonds was made as a result of agreements with the government of the People's Republic of Poland in April 1973. - In Poland, the bonds were purchased by Bank PeKaO SA for 36.5% of face value (the equivalent was paid in PeKaO commodity bills).
The bond was accompanied by a conversion coupon sheet (interest coupons after the interest rate was reduced and the value of the bond section changed)
This bond denomination is very rare, amateur valuation in Moczydlowski catalog. Recommended!
