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currency bond
noun
- a bond payable in legal tender.
Example Sentences
Not far in Saudi Arabia the beat is up, with foreign capital inflows seen jumping four-fold to $44 billion this year compared to last as foreign currency bond issuance balloons, while flows to equities are also expected to rise.
A total of $2.65 trillion has been raised in Asia excluding Japan and Australia via 12,075 local currency bond issues by September, data from Refinitiv showed.
For one thing, they have much less debt borrowed in dollars: The size of local currency bond markets in 10 Southeast Asian countries, plus Japan, China and South Korea, is about 123 percent of their collective gross domestic product, compared with 74 percent in 2000, according to AMRO.
The finance ministry said it will help "mitigate the current $5 billion monthly fiscal gap," as the country won't have to tap its international reserves to pay hard currency bond maturities in a pressing financial situation.
"They want to see there's a lot more control and stability being factored in, in terms of currency, bond and equity markets while they focus on the economy."
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