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Eurobond Meaning & Definition
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Definition of Eurobond
Eurobond is a bond issued in domestic currency of the issuer but sold outside of the issuer’s country.
Applying "Eurobond" to Securities Exams:
When a corporation issues a bond in its domestic currency and sells those bonds to investors in other countries that bond is known as a Eurobond. Investors in many countries often have interest in purchasing bonds of well known issuers regardless of the currency in which the bond is denominated.