International bond

From ACT Wiki
Jump to: navigation, search

1.

Formerly (and still much more commonly) known as a Eurobond.

An offshore bond in the international capital markets, issued in a Eurocurrency, most frequently in USD.

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.


2.

Any bond issued outside the country of domicile of the issuer.

This includes both eurobonds, defined above, and foreign bonds.


3.

The term 'international bond' is also sometimes used (incorrectly) to refer to a global bond.


See also