Eurobond

(redirected from Eurobonds)
Also found in: Dictionary, Wikipedia.

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

Bonds issued or traded in a country using a currency other than the one in which the bond is denominated. This means that the bond uses a certain currency, but operates outside the jurisdiction of the central bank that issues that currency. Eurobonds are issued by multinational corporations; for example, a British company may issue a eurobond in Germany, denominating it in U.S. dollars. It is important to note that the term has nothing to do with the euro, and the prefix "euro-" is used more generally to refer to deposits outside the jurisdiction of the domestic central bank.

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.

Eurobond.

A eurobond is an international bond sold outside the country in whose currency it is denominated, or issued.

For example, an Italian automobile company might sell eurobonds issued in US dollars to investors living in European countries.

Multinational companies and national governments, including governments of developing countries, use eurobonds to raise capital in international markets.

References in periodicals archive ?
Only one series of eligible debt instruments did not participate in the exchange offer, being the Eurobond maturing in December 2015.
By the end of this year, Macedonia is going to issue a new Eurobond in the amount of 500 million euros, to be repaid in the following ten years.
3 billion eurobonds that mature in January 2016 and agreed to transfer cash from reserves to pay the salaries of the civil servants.
Some of that liquidity will probably find a new home in Africa, so I don't see a significant drop in appetite for African Eurobonds.
The Bulgarian government has yet to decide how much it is going to raise in the sale of Eurobonds, part of its EUR 8 B debt plan approved by parliament.
On May 15, KazAgro using the already registered US 2 billion debt issuance programme, successfully returned to the international bond market with its inaugural EUR 600mn Eurobond offering for 5 years tenor and coupon rate of 3.
The Eurobonds issued with US guarantees reflect the confidence of the international community in Jordan's economy and its ability to pay its debts despite the political situation in the region.
The issue of Eurobonds is justified by an increase in the bank's capital and may take place upon completion of the audit of the IBA's activity.
Most Eurobonds of Russian Agricultural Bank are denominated in rubles I but the bank also has several dollar issues.
In accordance with the Fiscal Compact, member countries would be allowed to issue new Eurobonds only to replace maturing ones; after five years, the debts outstanding would be gradually reduced to 60% of GDP.
Conglomerate Akfen Holding's Mersin International Port unit also mandated banks on Tuesday for a Eurobond issue of up to $600 million in varying maturities.
Armenia has announced that it has hired banks for a Eurobond issue.