eurobonds
Foreign-currency debt instruments
Eurobonds are bonds issued in a currency different from that of the country where they're sold—a dollar-denominated bond sold in Europe, for instance.
The prefix euro- reflects European origins but now applies globally.
Separately, Eurobonds (one word, capitalized) names a proposed system of shared debt among European Union member states, controversial because it would pool fiscal responsibility across countries with different economic conditions.
Single-currency economic area
- BrusselsBelgian capital
- commissionPayment for services rendered
- treatyBinding pact between nations
- MaastrichtDutch border city
solidarity · risk-sharing · federalism · sovereignty · integration · harmonization · convergence · Franco-German
Temporary taking of another's
- lendingTemporary provision of resources
- deficitAmount still owed
- financingProviding capital for purchases
- stimulusWhat prompts a reaction
fiscal · austerity · sustainability · conditionality · restructuring · refinancing · leverage · spreads
Tradeable financial assets
- issuanceOfficial release or distribution
- underwritingRisk evaluation and acceptance
- prospectusFormal investment disclosure document
- tranchesPortions of a whole
coupon · maturity · principal · benchmark · syndication · placement · denomination · sovereign
Eurozone
Single-currency economic area
- BrusselsBelgian capital
- commissionPayment for services rendered
- treatyBinding pact between nations
Maastricht · solidarity · risk-sharing · federalism · sovereignty · integration · harmonization · convergence · Franco-German
borrowing
Temporary taking of another's
- lendingTemporary provision of resources
- deficitAmount still owed
- financingProviding capital for purchases
stimulus · fiscal · austerity · sustainability · conditionality · restructuring · refinancing · leverage · spreads · crisis
securities
Tradeable financial assets
- issuanceOfficial release or distribution
- underwritingRisk evaluation and acceptance
- prospectusFormal investment disclosure document
tranches · coupon · maturity · principal · benchmark · syndication · placement · denomination · sovereign · supranational
yield
Produce or relinquish
spread · premium · pricing · investors · capital · portfolio · arbitrage · hedging · creditworthiness · rating
- bondsdebentures, gilts, ask price, bid price, redemption value
- Euromarketseurodollar, eurodollars, offshore banking, LIBOR