Who would want to purchase a bond that will not mature until years after any purchaser is long dead? This is the question many are asking with the new interest in “century bonds” sparked by yesterday’s $250 million reopening of Norfolk Southern’s 6% bonds maturing in 2105. The bonds sold slightly above par to yield 5.95 percent to maturity. The century bonds yield approximately 90 basis points more than Norfolk Southern’s 30 year bonds. Only companies that are perceived to have nearly permanent staying power are able to issue bonds with such a long maturity. Read this article for more details?