Information AboutEurobond |
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The majority of Eurobonds are now owned in 'electronic' rather than physical form. The bonds are held and traded within one of the clearing systems (Euroclear and Clearstream being the most common). Coupons are paid electronically via the clearing systems to the holder of the Eurobond (or their nominee account). Eurobonds: They are issued by a multinational syndicate in all countries othr than the one in whose currency the bond is denominated. These bonds are not traded on a specific national bond market. Eurobonds: Underwritten by international syndicate of banks; Issued by governments and banks; Issued in eurocurrencies; Bearer bonds; Annual interest paid gross - fixed or floating rates; Usually sold over the counter by banks but may also be listed on the stock exchange; Yield is generally based on the yield curve of denominated currency. |
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