Eurobond

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1. An offshore bond, normally issued in a Eurocurrency, in the international capital markets. Eurobonds are - generally speaking - beyond domestic market regulation. Maturities at issue are normally greater than one year. They are usually - but not always - in bearer form. They can be issued on any interest basis.

Also known - increasingly commonly - as an International bond. One reason for this change in terminology is to avoid confusion with the euro (the currency of the euro zone, introduced some decades after the development of the Eurobond market).

2. An alternative spelling of euro bond, also known as a Stability Bond.

See also