Eurobonds | Definition | What are Eurobonds?

Eurobonds

Eurobonds | Definition

A bond that is: (a) underwritten by an international syndicate, (b) offered at issuance simultaneously to investors in a number of countries, and (c) issued outside the jurisdiction of any single country. Eurobonds denominated in US dollars are called Eurodollar Bonds, while those denominated in Japanese yen are called Euroyen Bonds.

A fixed-rate coupon Eurobond is known as a Euro Straight.

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

Dual Currency Issues
Eurobonds that pay coupon interest in one currency but pay the principal in a different currency.


For over 1,000 additional terms and definitions please see our Investment Glossary Guide.

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