Euro-commercial paper


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Euro-commercial paper

Short-term notes with maturities up to 360 days that are issued by companies in international money markets.

Eurocommercial Paper

A short-term, unsecured loan issued by a corporation in a currency other than the one in which the corporation operates. Corporations issue eurocommerical papers in order to tap into the international money markets for their financing. Like other commercial papers, eurocommercial papers are rarely for a term longer than a few months and they are usually issued at a discount. An example of a eurocommercial paper is a British firm issuing debt in U.S. dollars to encourage investment from dollar-investors in international money markets. See also: Eurodollar.
References in periodicals archive ?
FGB has launched its new Euro-Commercial Paper programme following our strategy to diversify the sources of funding.
The Euro-commercial paper program will provide additional liquidity and flexibility to the U.
MELBOURNE, Australia--(BUSINESS WIRE)--November 21, 1996--Amcor Limited (NASDAQ:AMCRY) announced today that it has arranged a new US$200 million Euro-Commercial Paper and Medium-Term Note program in Hong Kong.
Counterparty credit rating A-2 Euro-commercial paper program A-2
LONDON, July 9 /PRNewswire/ -- Standard & Poor's today has assigned its 'A-1' rating to the $500 million Euro-commercial paper program of Hertz Finance Centre PLC (a wholly owned subsidiary of Hertz Corp.
5 billion 'F-1+' domestic commercial paper program and $750 million 'F-1+' Euro-Commercial paper program are affirmed.
5 billion domestic commercial paper program and $750 million Euro-Commercial paper program are raised to 'F-1+' from 'F-1' and removed from FitchAlert.
5 billion domestic commercial paper program and $750 million Euro-Commercial paper program are expected to be raised to 'F-1+' from 'F-1' and are removed from FitchAlert.
5 billion 'F-1' domestic commercial paper program and $750 million euro-commercial paper program remain on FitchAlert with positive implications following the announcement today that EDS and its parent General Motors (GM) have reached a final agreement on a plan to split-off EDS to shareholders.
20 /PRNewswire/ -- Electronic Data Systems'(EDS) $750 million Euro-Commercial paper program is rated "F-1" and placed on FitchAlert with evolving implications by Fitch.
DCR) has established a commercial paper rating of 'D-1' for Electronic Data Systems Corporation's (EDS) new $750 million Euro-commercial paper program.
The amounts available under the line of credit of $170 million had previously been borrowed earlier this year, primarily to pay maturing commercial paper issued pursuant to its euro-commercial paper program, although the formal agreement extends the maturity thereof to December 28, 1995.