Types of Eurobonds | ||||||||||
Eurobonds can be classified in the following categories: |
Straight | Fixed rates with fixed redemption |
FRNs and VRNs | Variable rate note |
Subordinated issues | Bonds where the bondholder’s right to payments (principal and interest) is subordinate to the right of creditors. |
Asset-backed issues | Bonds where the credit of the securities depends segregated assets. |
Convertibles | Bonds that can be exchanged for shares, at a predetermined price. |
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