Securities sold in the United States to public investors must be registered with the SEC,and a prospectus disclosing detailed financial information about the issuer must be provided and made available to prospective investors.This encourages foreign borrowers wishing to raise U.S.dollars to use

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The Eurobond market allows foreign borrowers to raise U.S. dollars without the requirement of registering with the SEC or providing a detailed prospectus to U.S. investors. As a result, it is a popular choice for foreign issuers looking to raise capital in U.S. dollars.

Securities Sold in the United States to Public Investors Must