Question

A ________ is a bond that is underwritten by an international syndicate of banks and sold exclusively in countries other than the one whose currency it is denominated.

Answer 1

A Eurobond is a bond that is underwritten by an international syndicate of banks and sold exclusively in countries other than the one whose currency it is denominated.

A Eurobond is a bond that is denominated in a currency other than the home currency of the country or the market where it is issued. These bonds are usually grouped together by the currency in which they are denominated like the Euro dollar or the Euro-yen bonds.

These are also called external bonds, since they are issued in an external currency and are important because they can help the organizations in raising capital while also having the flexibility to issue them in another currency.

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