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Eurobond
(redirected from Eurobonds)

   Also found in: Dictionary/thesaurus, Wikipedia, Hutchinson 0.01 sec.
Eurobond
A bond that is denominated in a different currency than the one of the country in which the bond is issued.

Notes:
A eurobond is usually categorized by the currency in which it is denominated, and is usually issued by an international syndicate. An example of a eurobond is a eurodollar bond, which is denominated in U.S. dollars and issued in Japan by an Australian company. Note that the Australian company can issue the eurodollar bond in any country other than the United States.

Eurobonds are attractive methods of financing as they give issuers the flexibility to choose the country in which to offer their bond according to the country's regulatory constraints. In addition, they may denominate their eurobond in their preferred currency. Eurobonds are attractive to investors as they have small par values and high liquidity.


Eurobond
A bond that is (1) underwritten by an international syndicate, (2) issued simultaneously to investors in a number of countries, and (3) issued outside the jurisdiction of any single country. Eurobonds are often bearer bonds.

Eurobond
A type of foreign bond issued and traded in countries other than the one in which the bond is denominated. A dollar-denominated bond sold in Europe by a U.S. firm is a Eurobond.

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? Mentioned in ? References in periodicals archive
 
BANCO SAFRA, a Brazilian bank, issued US$125 million in eurobonds on international markets.
Bradesco, Brazil's largest bank, dipped into the global bond market in late March and fetched $100 million in one-year Eurobonds.
 
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