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Eurobond

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Definition of Eurobond

Eurobond Image 1

Eurobond

A bond that is (1) underwritten by an international syndicate, (2) offered at issuance
simultaneously to investors in a number of countries, and (3) issued outside the jurisdiction of any single
country.


Eurobond

A debt security issued in a market other than the home market of
the company issuing the security


eurobond

Bond that is marketed internationally.



Related Terms:

Convertible eurobond

A eurobond that can be converted into another asset, often through exercise of
attached warrants.


CEDEL

A centralized clearing system for eurobonds.


Dollar bonds

Municipal revenue bonds for which quotes are given in dollar prices. Not to be confused with
"U.S. Dollar" bonds, a common term of reference in the eurobond market.



Dual-currency issues

eurobonds that pay coupon interest in one currency but pay the principal in a different
currency.


Euro straight

A fixed-rate coupon eurobond.


Eurobond Image 2

Euroclear

One of two principal clearing systems in the eurobond market. It began operations in 1968, is
located in Brussels, and is managed by Morgan Guaranty Bank.


Eurodollar bonds

eurobonds denominated in U.S.dollars.


Euroyen bonds

eurobonds denominated in Japanese yen.


Gray market

Purchases and sales of eurobonds that occur before the issue price is finally set.


International bonds

A collective term that refers to global bonds, eurobonds, and foreign bonds.


ISMA

International Security Market Association. ISMA is a Swiss law association located in Zurich that
regroups all the participants on the eurobond primary and secondary markets. Establishes uniform trading
procedures in the international bond markets.


Sushi bond

A eurobond issued by a Japanese corporation.



 

 

 

 

 

 

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