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dual-currency bond

    0.06 sec.
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.


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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.
A user's guide to currency hedging by Herz, Robert H. / Financial Executive
NEW YORK--(BUSINESS WIRE)--June 27, 1996--Effective today, Moody's Investors Service assigned a A1 rating to Manitoba's JPNYEN 10 billion dual-currency bonds payable in Australian dollars at maturity.
Rating news: Moody's assigns A1 rating to Province of Manitoba's ... by Business Wire
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