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 ?
Deputy Finance Minister Kire Naumov says it was thanks to the opposition that the projected amount of the Eurobond of 500 million euros was halved.
The critical question is whether the capital raised by Eurobond issuance is being well used in Africa.
On 20 June 2014, Kazakh Railways successfully completed the placement of a Swiss-franc-denominated Eurobond on the SIX Swiss Exchange.
The issue of Eurobonds is justified by an increase in the bank's capital and may take place upon completion of the audit of the IBA's activity.
In its first lira Eurobond issue, Akbank mandated Bank of America Merrill Lynch, Deutsche Bank, JP Morgan, Citi and HSBC.
Most Eurobonds of Russian Agricultural Bank are denominated in rubles I but the bank also has several dollar issues.
Interest payments are made semi-annually for the US dollar denominated bond versus annually for the Eurobond offerings, but the primary difference would be the coupon rate (7% for the straight Eurobond, 7.
Alan Buchan, managing director, who has been with Eurobond for 24 years, said, 'Eurobond has historically benefited from a close relationship with local companies, being strategically placed near our major suppliers - Corus and Rockwool - this distribution deal continues this tradition.
On Monday [May 27], Iran is set to announce it is going ahead with its first eurobond issue since the 1979 Islamic revolution.
The above mentioned Eurobond issue is the second one over the history of the Bank.
The Government issued its fourth Eurobond whereby Macedonia borrowed 270 million euros.