A dual currency bond is a debt security in which the lender insists that the bond be retired in either one of two different currencies depending upon the lender's preference at the time a payment is to be made.

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A dual currency bond is a debt security where the coupon payments are made in one currency and the principal repayment is made in another currency; the currencies and amounts are determined at the issuance of the bond, not based on the lender's preference at the time of payment.

A Dual Currency Bond Is a Debt Security in Which