dual-currency bond

A debt security that pays coupon interest in one currency and the principal in a different currency. Several variations of dual-currency bonds are issued, including some that specify the exchange rate at which currencies are converted for payments.

References in periodicals archive ?

The issuance marks many firsts, including: the first ever perpetual equity-eligible corporate bond from an Oman headquartered business group, the first ever dual-currency bond (with USD and OMR tranches) from the GCC and the first ever international bond by a MSM listed Omani corporate entity.

Renaissance Group prices $125 million 7.9 per cent dual-currency perpetual bond

9 billion dual-currency bond, at tighter guidance than earlier indicated, due to strong demand.

Ipic to raise $2.9b in dual-currency bond

AX), considered to be the fourth-biggest lender in the country, has postponed a dual-currency bond.

Westpac postpones dual currency bond

A short time later, the banker suggests the company issue a dual-currency bond, in which the principal is payable in dollars but the interest is denominated in sterling.

A user's guide to currency hedging

Thus, the corporate issuer would not have found it attractive to issue a dual-currency bond prior to the development of the swaps market.

Bond market innovations and financial intermediation

In addition to these off-balance-sheet hedging alternatives, financially engineered instruments, such as dual-currency bonds, provide on-balance-sheet hedging alternatives.