Eurobonds are the type of securities. These are stocks produced in the currency, that is not native for emitters (organizations, which release shares for their own development) for foreign investors, for whom the currency also can be not native.
Nominal value is represented in US dollars. Eurobonds constitute coupons, thanks to which their owners can get their percent within a specified time frame.
Interesting fact. The prefix «euro», which you can see in the name, is not connected with the currency of eurobonds or the place they are released. This is only a conventional thing, because first eurobonds were produced in Europe.
These securities can be produced by:
It is when the real price is lower than nominal in case of compensation in the other currency (different from the currency of the loan).
Types of eurobonds. They are classified according to 2 parameters:
According to the first factor, there are 5 types of eurobonds:
Taking into accound a second factor, 4 types of these securities may be distinguished:
These securities have such specifities:
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