Download - Euro Bonds
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EUROBOND
M. Rizwan Qamar
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BOND
A debt instrument Issued for a period of more than one
year For the purpose of raising capital The Federal government, states,
cities, corporations, and many other types of institutions sell bonds.
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EUROBOND
A bond issued and traded outside the country whose currency it is denominated in, and outside the regulations of a single country; usually a bond issued by a non-European for sale in Europe
It is also called global bond
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Eurobond Rules
Trading Payment Listing Taxation
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Eurobond Structure
The structure of a Eurobonds consists in its terms and conditions, which are printed on the actual bond.
The Face
The Reverse
The coupons
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Types of Eurobonds
Straight Fixed VRNs Long term Bonds Medium term Bonds Convertibles
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Advantages of Eurobonds
Considerable market capacity Diversifying sources of borrowings Source for long-term investment
resources Access to a broad investor base Establishing a credit history
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Eurobonds and Pakistan
Issue $500 million Eurobond in February 12, 2004
Maturity date is February 2009 Deutsche Bank and ABN Amro Bank Strong Demand results 4 times
oversubscription Interest Rate was 6.75% Included in EMBI
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Eurobonds and Pakistan
March 2006 Issue $500m 10 years Eurobonds
And $300 million 30 years bonds Managed by Citi Group and
Deutsche Bank Interest Rates are 7.125% and
7.875% respectively
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