Cross-border bonds

Cross-border bonds

Bonds that firms issue in the international market.

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.
References in periodicals archive ?
This is in keeping with broader efforts to disentangle LGREs from public-sector balance sheets and contain risks associated with cross-border bonds. Under our ratings approach, we expect support for larger LGREs, especially those with a significant policy role, but not necessarily for smaller, less-important LGREs.
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.
"Currently, a company wishing to issue cross-border bonds in the ASEAN+3 is faced with diversity in rules, regulations and practices, and may incur substantial cost in simply trying to understand the regulations and processes of each country," SEC said in a statement.
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.
If we looked solely at the number of companies that issue foreign-currency or cross-border bonds, then the degree of concentration would be dramatically higher," says Acres.
The issuance of cross-border bonds to both public and private institutional investors allowed Enoch Cree Nation and River Cree Enterprises LP to buy out Paragon Gaming's minority shares.
RCE is the first solely-owned First Nations on-reserve business to issue cross-border bonds.
CSN has adopted a more credit oriented financial strategy, seeking to improve its capital structure through non-core asset sales, and successful refinancing of its cross-border bonds due to 2019 and 2020.
CSN completed the refinancing of the debt with Banco do Brasil (BRL5 billion) and raised USD350 million in cross-border bonds, which was lower than the expected USD750 million.
-- Unsuccessful refinancing of cross-border bonds before mid-2019 in the medium term;