Eurobond

(redirected from Eurobonds)
Also found in: Dictionary, Wikipedia.

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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
References in periodicals archive ?
Investors also demonstrate keen interest in Russian Eurobonds denominated in other currencies than USD.
The issue of the Eurobond has been put on hold until the market conditions stabilize, Finance Minister Zoran Stavreski said in his interview with Reuters.
BEIRUT: The Central Bank is expected to receive around $1 billion in the form of either a deposits or subscription to Lebanese sovereign Eurobonds soon, sources revealed Thursday.
The sale of Eurobonds maturing in 2029 with a yield of 3.95 per cent raised $1.5bn while the 2035 Eurobond, with a yield of 4.3 per cent, raised $1bn.
"The proceeds from this Eurobond will be used to finance some of the development infrastructure projects, the general budgetary expenditure (in accordance with the applicable legal requirements) and to refinance part or all the obligations outstanding under the $750 million (Sh75.8 billion) Eurobond due in June 24, 2019 and potentially part of the other debt obligations," Treasury Cabinet Secretary Henry Rotich wrote on Wednesday in a statement that heavily praised the success of the Eurobond.INFRASTRUCTUREThe mention of 'some of the development infrastructure projects' revives memories of the controversial 2014 bond.
Investors previously expressed interest in buying eurobonds by more than $ 1.5 billion.
The central bank acquired the Eurobonds through two debt swaps with the Ministry of Finance.
The Lebanon central bank has said that it has sold Eurobonds.
New, sixth in a row, Eurobond is in the making in Macedonia which would be issued in the last quarter of 2017 to pay the mature debts for next year.
Summary: Corporate Eurobonds: State Oil Company of Azerbaijan (SOCAR) Eurobond (SOIAZ 03/30) closed at 6.0% yield, trading at 109.0 (+0.3% w/w).
In 2006, Seychelles was one of the first Sub-Saharan Africa (SSA) countries to make its foray into the international financial markets with the issue of its $200 million Eurobond. Since then, several other SSA countries (Ghana, Gabon, Senegal, Nigeria, Namibia, Cote d'Ivoire, Zambia, Rwanda, Kenya, Ethiopia) have issued Eurobonds, with values generally ranging from $500m to $1bn.