Eurodollar bonds

Eurodollar bonds

Eurobonds denominated in U.S.dollars.

Eurodollar Bond

A bond denominated in U.S. dollars issued by a non-American company outside of the United States and the issuer's home country. It is important to note that these are traded worldwide, not just in Europe. Like other Eurocurrency securities, Eurodollar bonds are subject to fewer regulatory restrictions because the central bank that issued the currency (in this case, the U.S. Federal Reserve System) does not have any jurisdiction over the dollars because the bonds are issued and traded outside the U.S. For example, a Japanese company may issue a Eurodollar bond to attract foreign investors for its financing needs. Eurodollar bonds are one of the more common eurocurrency bonds because of the international importance of the dollar. See also: Eurobond, Eurodollar.
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BIS data showed that as late as July, Russia, riding a wave of confidence after an agreement with the International Monetary Fund, was able to successfully exchange domestic Treasury bills for seven and 20-year eurodollar bonds totalling pounds 3.
Treasury securities, securitization of a home equity loan portfolio, issuance of commercial paper secured by consumer receivables for a department store in Chapter 11, a commercial paper secured by insurance company investment funds, an issue of Eurodollar bonds backed by a pool of international commercial mortgages, and an issue of fixed-rate bonds secured by residential and commercial mortgages in Australia and Britain.
Auerbach, AGCO managing director, stated: "Jim Kelly's international fixed income experience goes all the way back to the 1970s when Eurodollar bonds and Yankee bonds were the sole categories available.
Favorite Deal: "Issuing several eurodollar bonds during the mid-1980s, when allin costs obtained were significantly below U.