Question

Bonds that are sold in a foreign country and are denominated in a currency other than that of the country in which they are sold are known as

Answer 1

Based on the fact that the bond is not denominated in the currency of the market it is sold in, this is a Eurobond.

What is a Eurobond?

• It denominated in a separate currency than that of the country it is being sold in.
• It is usually denominated in USD.

For instance, a Eurobond would be one that is issued by an Indian company in India but is denominated in U.S. Dollars. This gives the bond less exchange rate risk.

In conclusion, this is a Eurobond.

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