Eurobonds
EU collective borrowing
Eurobonds are debt securities issued in a currency different from that of the country or market where they are issued—for instance, a bond denominated in U.S. dollars but sold in London.
They emerged in the 1960s as a way for corporations and governments to raise capital internationally while avoiding domestic regulations.
The term can cause confusion because it also refers to proposed bonds that would be jointly guaranteed by eurozone member states, a controversial idea in European Union fiscal debates.
The company raised $500 million through a Eurobond offering.
Monetary union sharing currency
- maturityFull growth achieved
- couponCertificate for reduced price
- issuanceOfficial release or distribution
- redemptionRecovery or moral restoration
tranches · securitization · principal · refinancing · investors · underwriting · liquidity · tradable
Local authority when able
- solidarityUnity among allies
- convergenceProcess of approaching sameness
- MaastrichtDutch border city
- supranationalGoverning beyond single states
intergovernmental · harmonization · Brussels · summit · proposal · legislation · ratification
Emergency aid preventing bankruptcy
- GreeceBalkan peninsula nation
- contagionDisease spread by contact
- spreadsDistributes over area
- austerityEnforced economic stringency
restructuring · troika · firewall · stimulus · countercyclical · stabilization · recession
Central European nation
- NetherlandsNorthwestern European constitutional monarchy
- oppositionActive resistance or dissent
- resistanceCapacity to withstand force
- sovereigntySupreme independent authority
federalism · accountability · Merkel · reluctance · compromise · negotiation · coalition · veto
eurozone
Monetary union sharing currency
- maturityFull growth achieved
- couponCertificate for reduced price
- issuanceOfficial release or distribution
redemption · tranches · securitization · principal · refinancing · investors · underwriting · liquidity · tradable
subsidiarity
Local authority when able
- solidarityUnity among allies
- convergenceProcess of approaching sameness
- MaastrichtDutch border city
supranational · intergovernmental · harmonization · Brussels · summit · proposal · legislation · ratification
bailout
Emergency aid preventing bankruptcy
austerity · restructuring · troika · firewall · stimulus · countercyclical · stabilization · recession
Germany
Central European nation
- NetherlandsNorthwestern European constitutional monarchy
- oppositionActive resistance or dissent
- resistanceCapacity to withstand force
sovereignty · federalism · accountability · Merkel · reluctance · compromise · negotiation · coalition · veto · constitutional