dual currency bond
A form of debt instrument where the coupon and principal payments occur in different currencies. The Base Currency of a dual currency bond is that in which it is issued and interest payments are made. A dual currency bond exposes its holder to forex market risk due to fluctuations in the exchange rate of the two currency involved.
Browse by Subjects
dual currency swap
See All Related Terms »

low grade bond
audit fee
redundancy rebate
spot market
senior