Eurobonds are named after the currency they are denominated in. ... Eurobonds were originally in bearer bond form, payable to the bearer and were also free of withholding tax. The bank paid the holder of the coupon the interest payment due. Usually, no official records were kept.
A Eurobond is a fixed-income debt instrument (security) denominated in a different currency than the local one of the country where the bond's been issued. Hence, it is a unique type of bond. Eurobonds allow corporations to raise funds by issuing bonds in a foreign currency.
Why is it called a Eurobond?
Eurobonds are named after the currency they are denominated in. ... Eurobonds were originally in bearer bond form, payable to the bearer and were also free of withholding tax. The bank paid the holder of the coupon the interest payment due. Usually, no official records were kept.