Posted in Finance, Accounting and Economics Terms, Total Reads: 1078
Eurobonds are those bonds which are issued and traded in a currency different from the native currency or the currency of the country where they are denominated.They are also referred as external bonds or global bonds.
They are characterized by the currency in which they are denominated. For example Eurodollarbonds are the euro bonds that aredenominated in U.S dollars in any country outside the U.S. Similarly Euroyenbonds are denominated in yen and traded outside Japan.
These bonds are usually not regulated by a single country and prove flexible for investors given a country’s regulatory constraints.