A short-term unsecured corporate IOU underwritten by a group of banks and sold in overseas markets is called a Euro note.

Question

Quizplus · Accepted Answer

A Euro note is indeed a short-term unsecured debt instrument issued by a company, underwritten by a syndicate of banks, and sold in the international markets, typically denominated in a currency different from the home currency of the company issuing the note.

A Short-Term Unsecured Corporate IOU Underwritten by a Group of Banks