Foreign bonds have all of the following characteristics EXCEPT:
A)They are underwritten by an investment banking syndicate.
B)They are denominated in the currency of the country of sale.
C)They are denominated in euros.
D)The bond issuer is from a country other than the country in which the bonds are being issued.

Question

Quizplus · Accepted Answer

Foreign bonds are denominated in the currency of the country of sale, which can be different from the currency in which the bond issuer normally operates. The foreign bonds may be underwritten by an investment banking syndicate and have an issuer from a country other than the country in which the bonds are being issued. However, they may not necessarily be denominated in euros or any specific currency.

Foreign Bonds Have All of the Following Characteristics EXCEPT