eurobond


eurobond
A bond issued in a eurocurrency, which is now one of the largest markets for raising money (it is much larger than the UK stock exchange). The reason for the popularity of the eurobond market is that secondary market investors can remain anonymous, usually for the purpose of avoiding tax. For this reason it is difficult to ascertain the exact size and scope of operation of the market. Issues of new eurobonds normally take place in London, largely through syndicates of US and Japanese investment banks; they are bearer securities, unlike the shares registered in most stock exchanges, and interest payments are free of any withholding taxes. There are various kinds of eurobonds. An ordinary bond, called a straight, is a fixed-interest loan of 3 to 8 years duration; others include floating-rate notes, which carry a variable interest rate based on the London Inter Bank Offered Rate; and perpetuals, which are never redeemed. Some carry warrants and some are convertible

Accounting dictionary. 2014.

Look at other dictionaries:

  • Eurobond — A debt security typically marketed in the international capital market to investors in countries outside the issuer s domestic market and/or denominated in a currency other than the domestic currency of the issuer. The primary Eurobond market… …   Law dictionary

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  • eurobond — /euroˈbɔnd, ingl. ˈeuərəˌbond/ [vc. ingl., comp. di euro «euro » e bond «obbligazione»] s. m. inv. (econ.) eurobbligazione …   Sinonimi e Contrari. Terza edizione

  • Eurobond — [yoor′ō bänd΄] n. a bond issued in an international, usually European, market and repayable in the currency of issue …   English World dictionary

  • 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. The New York Times Financial Glossary A… …   Financial and business terms

  • Eurobond — A Eurobond is an international bond that is denominated in a currency not native to the country where it is issued. It can be categorised according to the currency in which it is issued. London is one of the centers of the Eurobond market, but… …   Wikipedia

  • Eurobond — A bond issued in a currency other than the currency of the country or market in which it is issued. Usually, a eurobond is issued by an international syndicate and categorized according to the currency in which it is denominated. A eurodollar… …   Investment dictionary

  • eurobond — is., İng. eurobond Bakınız avrovil …   Çağatay Osmanlı Sözlük

  • eurobond — A bond issued in a eurocurrency, which is now one of the largest markets for raising money (it is much larger than the UK stock exchange). The reason for the popularity of the eurobond market is that secondary market investors can remain… …   Big dictionary of business and management

  • Eurobond — / jυərəυbɒnd/ noun a long term bearer bond issued by an international corporation or government outside its country of origin and sold to purchasers who pay in a eurocurrency (sold on the Eurobond market) …   Dictionary of banking and finance


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