A eurobond is an international bond which is sold in countries with a currency other than the currency which denominates the bond.

Example: A bond denominated by the Swiss franc is offered to investors in the United States by a Swiss borrower is a eurobond.

It is important not to confuse the term “eurobond” with the euro currency used by many European Union member countries. A eurobond could be denominated by the U.S. dollar (a eurodollar bond), by the Japanese Yen (a euroyen bond), by the British pound (a eurosterling bond), or by any other currency.

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