Which of the following best describes an international bond that is not denominated in the local currency of the country in which it is issued?

Question

Quizplus · Accepted Answer

A bond issued internationally, but not denominated in the local currency of the country in which it is issued, is referred to as a Eurobond. Foreign bonds are issued by a foreign entity in a domestic market and domestic bonds are issued by a domestic entity in the domestic market. Global bonds are bonds that are issued simultaneously in multiple countries and currencies. Corporate bonds are bonds issued by corporations.

Which of the Following Best Describes an International Bond That