A bond that is issued by Nestle, a Swiss company, which is denominated in yen and sold to residents of Japan is most likely a ________.

Question

Quizplus · Accepted Answer

A foreign bond is a bond issued by a foreign company in a local market and denominated in that country's currency. In this case, Nestle (a Swiss company) issued a bond denominated in yen (the currency of Japan) and sold to residents of Japan, making it a foreign bond. Eurobonds are issued outside the issuer's home country but denominated in a currency other than that of the country where it is issued. A global bond is a bond that is issued and sold in multiple countries and currencies. A country fund is a type of mutual fund that invests in securities of a single country.

A Bond That Is Issued by Nestle, a Swiss Company