Peru Haunted by 7% Guano Bonds Predating Machu Picchu Discovery

An old obligation for Peru has stir up some trouble. 

Fourteen bonds the nation issued in 1875 to pay off obligation to a U.S. guano committal organization are presently held by an Illinois firm that says it's having some major difficulty recovering them. 

Every bond guaranteed a result of $1,000 "United States Gold coin" in addition to 7 percent intrigue a year, as indicated by the protestation documented Thursday by MMA Consultants 1 Inc. in government court in New York. 

The bonds bear the mark of Don Manuel Freyre, who is depicted as the "Agent Extraordinaire and Minister Plenipotentiary of Peru," as indicated by the protest. 

MMA said it sent three letters to Peru's Minister of Economics and Finance asking for installment without any result. The organization is suing for rupture of agreement. It didn't uncover in the claim how it stopped by the bonds. 

Guano, the waste of seabirds, discovered particularly on islands off the shore of Peru, is utilized as a compost. 

The case is MMA Consultants 1 Inc. v. Republic of Peru, 15-cv-05551, U.S. Region Court, Southern District of New York (Manhattan).