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J. Ray McDermott & Co Bearer Bond - 1972
J. Ray McDermott & Co Bearer Bond - 1972
J. Ray McDermott & Co Bearer Bond - 1972
 
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Product Code: SC1917
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This J. Ray McDermott & Co., Inc. Bear Bond was from 1972 and still has coupons 9-15 attached. J. Ray McDermott, now known simply as McDermott, provides engineering solutions to the Energy sector. McDermott was founded in 1923 in Eastland, Texas building drilling rigs for a wildcatter in Luling.  Today they have over 40,000 employees and operate in over 50 countries.  This convertible bond was issued for $1,000, paid 4 3/4%, and was due in 1987.