International Bond Markets

Abstract

International bond markets bring together borrowers and investors from different national jurisdictions. There are two major varieties of international market:

• (i) Those where a borrower domiciled in one country issues a bond in the capital market of another country — this is conventionally termed a ‘foreign’ bond;

• (ii) Those where the borrower issues a bond simultaneously in a number of different countries and therefore taps a variety of international investors — this is termed a ‘Eurobond’.