dual-currency bond

dual-currency bond

A debt security that pays coupon interest in one currency and the principal in a different currency. Several variations of dual-currency bonds are issued, including some that specify the exchange rate at which currencies are converted for payments.
References in periodicals archive ?
The issuance marks many firsts, including: the first ever perpetual equity-eligible corporate bond from an Oman headquartered business group, the first ever dual-currency bond (with USD and OMR tranches) from the GCC and the first ever international bond by a MSM listed Omani corporate entity.
9 billion dual-currency bond, at tighter guidance than earlier indicated, due to strong demand.
AX), considered to be the fourth-biggest lender in the country, has postponed a dual-currency bond.
A short time later, the banker suggests the company issue a dual-currency bond, in which the principal is payable in dollars but the interest is denominated in sterling.
In addition to these off-balance-sheet hedging alternatives, financially engineered instruments, such as dual-currency bonds, provide on-balance-sheet hedging alternatives.
Full browser ?