Eurobond

[yoor-uh-bond]

noun

1. a bond issued by a non-European corporation and offered for sale in the European market, to be repaid in the currency of issue, especially a U.S. corporate bond denominated and yielding interest in U.S. dollars.

eurobond

/ ˈjʊərəʊˌbɒnd /

noun

1. (sometimes capital) a bond issued in a eurocurrency

Word History and Origins

Origin of eurobond¹

Euro- + bond ¹

Example Sentences

"Right now, the debt profile of the country is quite heavy," says Kenyan economist Ken Gichinga, explaining that next June is when Kenya must repay a $2bn Eurobond.

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"Yields at 11%-12% are maybe a few points away from fully normalizing for accessing Eurobond markets," said in a Friday note Siobhan Morden, a managing director for the Latin America fixed income strategy at Santander US Capital Markets.

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Ofori-Atta said Ghana will continue discussions with private creditors, Eurobond investors on external debt to reach agreement with private creditors in the shortest possible time.

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Njoroge said that "the government is quite relaxed about" its own $2 billion eurobond maturing in June 2024.

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Ethiopia, which is currently negotiating a financing programme with the IMF, has a $1 billion eurobond issue coming due in 2024.

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