Traditional Culture Encyclopedia - Traditional culture - Eurobonds are a variety of foreign bonds, right?

Eurobonds are a variety of foreign bonds, right?

Eurobonds: are bonds whose denomination currency is not the local currency of the issuing country.

Eurobonds, unlike traditional foreign bonds, are international bonds issued simultaneously by non-residents of the market place in a number of markets other than the country of the currency of denomination. Both are international bonds.

Foreign bonds and Eurobonds are also issued under the following main differences: (1), foreign bonds are generally underwritten by the financial institutions of the country where the market is located to form an underwriting syndicate of underwriters, while the Eurobonds are underwritten by the financial institutions of a number of countries to form an international underwriting syndicate of underwriters. (2), foreign bonds are subject to the supervision of the securities authorities of the country where the market is located, the management of public offering is relatively strict, need to be registered with the securities authorities, and can apply for listing on the stock exchange after the issuance; private offering does not need to be registered, but can not be listed on the stock exchange. Eurobonds do not need to be registered with the securities authorities of the country of the currency of the face value of the bond or the location of the issuing market, and are not subject to the regulation of any country, and are usually issued in the form of a public offering, and the issuance of debit can be applied for listing on a stock exchange. (3), the issuance and trading of foreign bonds must be subject to the control and constraints of the relevant financial laws and regulations of the local market; while Eurobonds are not subject to the restrictions of the laws of the country of the currency of the face value of the bonds or the location of the issuance market, the center of the bond issuance agreement must indicate the legal standards to be relied upon in the event of disputes. (4), foreign bonds of the expectant parents and investors must be based on the market location of the regulations to pay taxes; while the Eurobonds take the form of bearer bonds, the investor's interest income is tax-free. (5), foreign bonds generally pay interest in the same way as the local domestic bonds, such as Yankee bonds generally pay interest every six months; and Eurobonds are usually paid annually.