Perpetual Bonds: Bonds that Never Mature
Professor Geert Rouwenhorst is Deputy Director of the Yale ICF and a financial history expert. He specializes in empirical finance and asset pricing. His research interests include risk and return in international equity markets, commodity investments, and the history of financial innovation.
Listen as Professor Rouwenhorst discusses the rarity and uniqueness of perpetual bonds on a podcast about the “ Forever Bond .” He also shares the fascinating story behind the Yale ICF’s purchase of a 373-year-old water bond still pays interest to this date!