________ are international bonds that are not denominated in the local currency of the country in which they are issued.

Question

Quizplus · Accepted Answer

Eurobonds are issued in a foreign currency, typically US dollars or euros, and are sold to investors outside of the country where they are issued. This allows issuers to tap into a larger pool of global investors and often obtain funding at lower interest rates compared to domestic bonds. Yankee bonds are also denominated in a foreign currency, but specifically refer to bonds issued by foreign companies in the United States. Debentures are unsecured bonds, meaning they do not have any collateral backing them. Domestic bonds are issued in the local currency of the country and are not denominated in a foreign currency.

________ Are International Bonds That Are Not Denominated in the Local