A "global bond" issue

Question

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A "global bond" issue is a large international bond offering by a single borrower that is simultaneously sold in several national bond markets. This allows the borrower to access a larger pool of investors, diversify its funding sources, and take advantage of favorable market conditions in different countries. The bond is typically denominated in a major currency such as the U.S. dollar or euro, and is subject to the laws and regulations of the countries in which it is sold. The liquidity of a global bond issue is generally higher than for a local bond issue, as it can be traded in multiple markets. The yield on a global bond issue may be higher or lower than for a comparable local bond issue, depending on market conditions and the creditworthiness of the borrower.

A "Global Bond" Issue