Bond:
A bond can be defined as fixed income investment in which an investor gives money to a firm or business (private or governmental) in the form of loan that borrows the money for a particular stated period of time at a fixed or a variable rate of interest. They are used by firms, state, and sovereign governments for the purpose of raising funds and financing different projects and processes. The owners of bonds are called as debt holders or creditors of the issuer of the bonds.
International bonds:
An international bond can be defined as a debt investment issued in a nation by a non-domestic firm. However, it is typically issued by a multinational corporation or sovereign entity with a high credit rating.
To determine:
The four categories of international bonds.
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Fundamentals of Corporate Finance, Student Value Edition (3rd Edition) - Standalone book
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