A U.S.-dollar denominated bond, or a bond of another currency, that is issued and traded outside of the country whose currency is used. Typically it is a bond that is issued by a non-European company for sale and trade in Europe. An example of a eurobond is a bond issued by a Russian corporation in the European market that pays interest and principal in U.S. dollars.
An unregistered bond denominated in a different currency than that of the country in which the bond is issued, such as a bond denominated in yen issued in South Africa by an Indian company.
A bond issued in an international, usually European, market and repayable in the currency of issue.
Origin of eurobond
- Euro- + bond