a branch of the euromarkets, eurocurrencies and eurobonds - currencies and securities held in Europe and outside their country of origin (euro is equivalent to external in this context). The euromarkets took off in the 1950's partly, it is said, as a reaction to the cold war between the US and the Soviet Union. This left the Soviet Union anxious about holding dollars in the US and so it placed them with European banks, which lent them to customers. At the same time, US banks were operating under restrictions which led to their holding $US balances in Europe, particularly London. The UK capital was the first euromarket centre and is still the largest.
Bonds sold simultaneously in a number of countries by an international syndicate. Eurobonds have been issued in many currencies, but the majority of these bonds have been issued in currencies that are actively traded, fully convertible (to other currencies) and relatively stable.
A long-term loan issued in a currency other than that of the country or market in which it is issued. Interest is paid without the deduction of tax.
An international bond sold outside the country in which it is issued and denominated in a currency value foreign to that country.
Bonds issued to International investors in a currency outside where that currency is domiciled. International bonds tend to called 'Globals'.
Bonds issued and traded outside the country whose currency they are denominated in, and outside the regulations of a single country; usually bonds issued by a non-European company for sale in Europe. Also called global bonds.
A long-term loan issued in a currency other than that of the country or market in which it is issued. There is no withholding tax applied to interest payment. Eurobonds are internationally underwritten and available in bearer form. They are cleared through Cedel and Euroclear and are traded crossborder.