Shopping Cart
There are no more items in your cart
Document Features
- Nominal Value: 5,000 DM
- Interest Rate: Pegged to the Reichsbank discount rate, minus two percent, with a minimum of five percent and a maximum of fifteen percent.
- Issue Date: February 20, 1923
- Repayment Terms: Semi-annually on March 1 and September 1.
- Total Issue Amount: DM 500,000,000
- Guarantee: Provided by Walchenseewerk A.G., Mittlere Isar A.G., and Bayernwerk A.G.
- Certification: Signed by the authorized officials of the issuing companies.
Historical Context
The Walchenseewerk, located in Bavaria, is one of the oldest and most significant hydroelectric power plants in Germany. The plant was constructed to harness the energy of the Walchensee and Kochelsee lakes to produce electricity. The project was part of the broader effort to modernize Germany's infrastructure and reduce reliance on coal.
The companies involved in this bond issuance—Walchenseewerk A.G., Mittlere Isar A.G., and Bayernwerk A.G.—were pivotal in the development of Germany's electric power industry during the early 20th century. Bayernwerk A.G., in particular, played a significant role in the regional electricity supply network.
Bond Details
This bond was issued to raise capital for the ongoing operations and expansion of the Walchensee hydroelectric project. With interest rates tied to the Reichsbank discount rate, it provided a potentially lucrative investment for bondholders during a period of economic volatility in Germany. The bond's terms included semi-annual interest payments and a repayment schedule designed to ensure timely returns for investors.
Signature and Authentication
The bond document features the signatures of authorized representatives from Walchenseewerk A.G., Mittlere Isar A.G., and Bayernwerk A.G., ensuring its authenticity and legal standing. The intricate design and detailed engraving highlight the importance of this financial instrument during its time.
