Meaning dual currency bond
What does dual currency bond mean? Here you find 2 meanings of the word dual currency bond. You can also add a definition of dual currency bond yourself
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dual currency bondA bond that pays a coupon in one currency but is redeemed for a fixed sum in another, often the dollar. Investors usually get an above-market coupon, but run the risk that, in this example, the dollar could fall below the exchange rate used when the amount was fixed. Such bonds are attractive to borrowers who operate in the redemption currency beca [..]
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dual currency bondDefinition Bond denominated in one currency, but paying interest in another currency at a fixed exchange rate.
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