That is insanely cool. How does that even work? Does the original bond issuer even exist anymore? If I'm holding a bond with a call date of 3010, what do you even do with that?
These bonds have scheduled payments so the idea is that you are earning yield on your investment for 1,000 years. You're getting paid as time rolls on -- you're not waiting for the maturity date. All the parameters of the bond indicate how risky the market sees the investment. If Joe Nobody wants to issue a 1,000 year bond, the market would demand an appropriate rate given the risk involved. Most likely, it would never be issued because no one would be safe with that level of risk. I'm guessing the market considers HSBC Luxembourg pretty safe.
What kind of yields would that be though? I would expect that I would get my original investment returned to me many times over during my lifetime. After that, it wouldn't matter to me, but rather to my descendants.
Fascinating, where do you find these bonds and/or info on them? Do you work for a financial institution that have internal proprietary access to such information, or is this publicly searchable?
