The Secretary of Transportation has possession of two long term notes with the National Railroad Passenger Service Corporation (more commonly referred to as Amtrak). The first note is for $4 billion and matures in 2975 and the second note is for $1.1 billion and matures in 2082 with renewable 99 year terms. Interest is not accruing on these notes as long as the current financial structure of Amtrak remains unchanged.
--http://www.gao.gov/assets/660/651357.pdf
Wait, what? Did that just say the note expired in 2975? Yes, confirmed from multiple sources. And what is the interest rate again? 0%. Nice.
I wonder if there are any other cases like this. Usually, 30 years is the maximum borrowing time in the US. I will post some more info if I find anything else.
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The Univ. of Pennsylvania issued $300 million of 100 year bonds set to mature on Sept. 1, 2112, yielding 4.674%.
Other 100 year bonds have been issued by Yale, Boston University, Coca-Cola, MIT, Caltech, Ohio State, Univ. of California and Norfolk Southern. Mexico issued $1 billion of 100-year bonds.
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Some real estate in the UK is leased for 300 years. It's essentially a purchase of the building, but the lessor gets the land back at the end.
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