Eurosterling Bond

Eurosterling Bond

A bond denominated in British pounds issued by a non-British company outside the United Kingdom. It is important to note that these are traded worldwide, not just in Europe. Like other Eurocurrency securities, Eurosterling bonds are subject to fewer regulatory restrictions because the central bank that issued the currency (in this case, the Bank of England) does not have any jurisdiction over the pounds because the bonds are issued and traded outside Britain. For example, an American company may issue a Eurosterling bond to attract non-British sterling investors for its financing needs. See also: Eurobond, Eurodollar.
References in periodicals archive ?
Financing During the first half, the group increased cash resources through the issue of 100 million pounds five-year Eurosterling bonds.