what are eurobonds
A Eurobond is an international bond that is denominated in a currency not native to the country where it is issued. Also called external bond; external bonds which, strictly, are neither Eurobonds nor foreign bonds would also include: foreign currency denominated domestic bonds.. .. It can be categorised according to the currency in which it is issued.he first Eurobonds were issued in 1963 by Italian motorway network Autostrade, who issued 60,000 bearer bonds at a value of USD250 each for a fifteen-year loan of USD15m, paying an annual coupon of 5.5%. The issue was arranged by London bankers S. G. Warburg. and listed on the Luxembourg Stock Exchange.