crossborder bond

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Crossborder Bond

A bond issued in a country or currency other than that of the investor or broker. They include eurobonds, which are issued in a foreign currency, foreign bonds, which are issued by a foreign government or corporation in the domestic market, and global bonds, which are issued in both domestic and international markets. Unlike domestic bonds, crossborder bonds are usually subject to currency risk. Caution is required when investing in crossborder bonds because they may be subject to different regulatory and taxation requirements than the ones with which the investor or broker is familiar.

crossborder bond

A bond issued in a country other than the country of the issuer.
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References in periodicals archive ?
The company's debt profile is comprised mainly of cross-border bond issuances in U.S.
Dubai: Married for 29 years, Karachi-born Shamira and Mumbai-born Ayaz Mitha represent a perfect cross-border bond - having spent most of their adult lives together.
The International Capital Market Association (ICMA), a global trade association for cross-border bond markets, has said that it has elected a new chair and new board members.
The Asian Development Bank (ADB) today welcomed the Thai baht bond issued by Japan s Mizuho Bank, the first bond issue under the ASEAN+3 Multi-Currency Bond Issuance Framework aimed at fostering greater cross-border bond sales in the region.
The Securities and Exchange Commission (SEC) is pushing for a regional bond issuance framework that would facilitate cross-border bond issuances within the ASEAN+3 participating economies.
In the Middle East and South Asia, Standard Chartered has been strengthening Islamic banking since 2003 and has built extensive experience with sovereign issuers and cross-border bond offerings for large corporate in Islamic financing.
Wragge & Co's banking and finance team has completed a cross-border bond issue worth more than pounds 50 million for Sanctuary Housing Association.
They also pointed to the need to intensify cooperation in laying the domestic and regional groundwork essential for facilitating cross-border bond market activities.
Regulators have also sought to reassure investors over the general quality of China's cross-border bond issuance, and continue to view favourably offshore issuance by large high-quality corporations with healthy risk management practices.
Latin America s debt bankers believe volatility caused by US interest rate increases and secondary market illiquidity will not derail the stomping progress of the area's cross-border bond market, which is set for another record-breaking year.
During the first nine months of 2017, JSL has issued over BRL3.8 billion in a series of debt instruments, including the BRL1.019 billion of cross-border bond issuance (USD325 million) due to 2024 and Movida's BRL400 million of local debentures due to 2022.
- Building the Second Biggest Cross-border Bonded Public Warehouse in Shanghai