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Yale gets interest from 1648 Dutch bond: Report

The Sterling Memorial Library on the Yale University campus in New Haven, Connecticut.
Craig Warga | Bloomberg | Getty Images
The Sterling Memorial Library on the Yale University campus in New Haven, Connecticut.

Yale University will receive $153 in interest on a water bond issued in 1648 from a Dutch water authority, Bloomberg reported.

The perpetual bond, worth $509, was issued by the Dutch water authority de Stichtse Rijnlanden, per the report. It is written on goatskin and is among five of the world's oldest bonds that still pay interest, Clarion Wegerif, a spokeswoman for the water authority, told Bloomberg.

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Yale paid 24,000 euros in 2003 to acquire the bond as an artifact but hasn't received any interest payments since. The money is due to pay out on Monday, according to the report.

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