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Question

The bonds which are issued outside the jurisdiction of one country and denominated in a currency different from the currency of the countries in which they are sold:

A Eurodollar bonds Correct Answer Incorrect Answer
B Masala bonds Correct Answer Incorrect Answer
C Foreign currency convertible bonds Correct Answer Incorrect Answer
D Registered bonds Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

The bonds which are issued outside the jurisdiction of one country and denominated in a currency different from the currency of the countries in which they are sold are called Eurobonds. Masala bonds are rupee-denominated bonds. FCCB is foreign currency bonds that have the option of conversion to equity at the time of maturity. Registered bonds are not transferrable to any other party without the due procedure of the issuer to do the same and the ownership is recorded in this case.

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