Eurobond

Popular Terms
Any corporate or government bond issued offshore (commonly in Luxembourg or Netherlands Antilles) outside the regulations of the issuing country and denominated in a currency other than that of the issuer's country. Typically issued in bearer form by non-European institutions for sale in Europe, Eurobonds usually have a fixed final maturity (often 10 to 15 years) but some are perpetual. They cannot be traded in the US, and are cleared and settled through Euroclear and CEDEL, the two clearing houses owned by European banks. Also called global bond.

Use 'Eurobond' in a Sentence

It was a eurobond, which meant it happened overseas and it was really interesting to see how it worked outside the country.
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The company had quite a number of Eurobonds. While the rate of return exceeds anything nationally, it carried much more risk since it was held abroad.
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The eurobond was a great addition to our portfolio as we wanted diversity so going outside our own country seemed wise.
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