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Definition

International Bonds

International bonds are debt securities issued by foreign companies or governments and sold domestically.International bonds are typically classified as either foreign bonds or Euro-bonds. A foreign bond is issued by a borrower foreign to the country where the bond is placed. For example, a U.S. corporation may issue a bond denominated in Japanese yen, which is sold to investors in Japan. In some cases, a firm may issue a variety of bonds in various countries. The currency denominating each type of bond is determined by the country where it is sold. These foreign bonds are sometimes specifically referred to as parallel bondsEurobonds are bonds that are sold in countries other than the country of the currency denominating the bonds.

 

 
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