Eurobond


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Related to Eurobond: Eurobond market

Eurobond

A bond that is (1) underwritten by an international syndicate, (2) issued simultaneously to investors in a number of countries, and (3) issued outside the jurisdiction of any single country. Eurobonds are often bearer bonds.

Eurobond

Bonds issued or traded in a country using a currency other than the one in which the bond is denominated. This means that the bond uses a certain currency, but operates outside the jurisdiction of the central bank that issues that currency. Eurobonds are issued by multinational corporations; for example, a British company may issue a eurobond in Germany, denominating it in U.S. dollars. It is important to note that the term has nothing to do with the euro, and the prefix "euro-" is used more generally to refer to deposits outside the jurisdiction of the domestic central bank.

Eurobond

A type of foreign bond issued and traded in countries other than the one in which the bond is denominated. A dollar-denominated bond sold in Europe by a U.S. firm is a Eurobond.

Eurobond.

A eurobond is an international bond sold outside the country in whose currency it is denominated, or issued.

For example, an Italian automobile company might sell eurobonds issued in US dollars to investors living in European countries.

Multinational companies and national governments, including governments of developing countries, use eurobonds to raise capital in international markets.

References in periodicals archive ?
"If the reports are accurate then it will be very likely that Saudi Arabia and Kuwait will either deposit money in the Central Bank or buy Eurobonds. This is usually the only way these countries help Lebanon," another banker said.
The initial benchmark yield on the 2029 Eurobonds was around four per cent and about 4.45 per cent for the 2035 Eurobonds, the ministry said.
"The ministries cannot differentiate whether the money they have received from the Exchequer came from VAT, income taxes, customs duties, excise taxes, domestic borrowing or the Eurobond," Mr Rotich told the Business Daily.That was the first time the truth about Eurobond started becoming a mystery, giving Kenya a false start in accounting for foreign market debt.
'There is sufficient evidence that all the proceeds of the Eurobond were either eventually received into the Consolidated Fund or paid out for authorised purposes.
"The Eurobond has a very low interest rate but besides that it's very important what the money will be spent on.
To summarise, Eurobond issuers should ensure that the proceeds from the bonds are used to finance infrastructure projects and not to finance budget deficits.
This Eurobond offering has become the first EUR-denominated Eurobond deal out of Kazakhstan since 2007 and in CIS since February 2014.
Such signs of increased market players' demand for Russian Eurobonds could not but mirror in the secondary market dynamics.
Eurobonds are includes into the London Stock Exchange listing.
Earlier this month, the bank sold a three-year SGD400m (USD319m/EUR260m) eurobond through its investment vehicle VTB Capital.
However, the straight Euro denominated Eurobond has the largest initial cash flow as the up-front fee is low (0.90%) and the bond is expected to sell at a premium (101% or Par Value).