Long-term debt sold by a foreign firm to investors in a foreign country and denominated in that country's currency is called a _____ .

Question

Quizplus · Accepted Answer

A foreign bond is a long-term debt sold by a foreign firm to investors in a foreign country and denominated in that country's currency. Eurobond is a similar type of bond, but it is denominated in a currency other than the local currency of the country in which it is issued. Municipal bond is a debt security issued by a local government, usually in the form of a bond, to finance its capital expenditures. Currency bond is not a commonly used term in finance.

Long-Term Debt Sold by a Foreign Firm to Investors in a Foreign