A Eurobond is underwritten by an international syndicate of banks and other securities firms, and is sold exclusively in countries other than the country in whose currency the issue is denominated. For example, a bond issued by a firm resident in the United States, denominated in U.S. dollars, but sold to investors in Europe and Japan (not to investors in the United States), would be a Eurobond.
Eurobonds are issued by multinational corporations, large domestic corporations, sovereign governments, governmental enterprises, and international institutions. They are offered simultaneously in a number of different national capital markets, but not in the capital market or to residents of the country in whose currency the bond is denominated. Almost all Eurobonds are in bearer form with call provisions and sinking funds.
Eurobonds is the bonds denominated in a currency other than that of the country in which they are sold.