N° 1108 | Hungary Budapester Strassen-Eisenbahn-Gesellschaft 4% Preferred Bond 1000 Kr 1895

1108 - Hungary Budapester Strassen-Eisenbahn-Gesellschaft 4% Preferred Bond 1000 Kr 1895
1108 - Hungary Budapester Strassen-Eisenbahn-Gesellschaft 4% Preferred Bond 1000 Kr 1895
1108 - Hungary Budapester Strassen-Eisenbahn-Gesellschaft 4% Preferred Bond 1000 Kr 18951108 - Hungary Budapester Strassen-Eisenbahn-Gesellschaft 4% Preferred Bond 1000 Kr 1895

Description

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GPT Description

The Hungary Budapester Strassen-Eisenbahn-Gesellschaft 4% Preferred Bond 1000 Kr from 1895 is a piece of financial history that represents an important era in Hungary's economic development. This bond was issued by the Budapester Strassen-Eisenbahn-Gesellschaft, which was a company involved in operating street railways in Budapest, the capital city of Hungary. During the late 19th century, Budapest experienced rapid urbanization and industrial growth, leading to the expansion of public transportation systems like street railways. The issuance of bonds by companies like Budapester Strassen-Eisenbahn-Gesellschaft was a common way to raise capital for infrastructure projects and expansion. The 4% Preferred Bond indicates that the bondholders were entitled to a fixed annual interest rate of 4% on their investment. The denomination of 1000 Kr signifies the face value of the bond in Kronen, the currency used in the Austro-Hungarian Empire at that time. Overall, this bond provides a glimpse into the financial landscape of Hungary in the late 19th century and the role that companies like Budapester Strassen-Eisenbahn-Gesellschaft played in shaping the country's infrastructure and economy.
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