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Fortune

Jason Ma

A forever bond issued 400 years ago still pays interest. Here's how much the holder just got

United States Bonds Amsterdam FT

(Credit: Michael M. Santiago—Getty Images)

Most bonds mature eventually and are redeemed after periods of months, years, or even decades. And then there are so-called perpetual bonds.

These bonds have no maturity date and just keep paying interest to the holder forever. On Tuesday, the owner of a perpetual bond that was issued 400 years ago received a payment at a ceremony attended by the Financial Times.

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