Dual currency bond
Loan raised and serviced in one currency but repaid in another currency. In reality, the loan is a combination of an annuity loan (interest payments) in one currency and a zero?coupon loan (redemptions) in the other currency.
Loan raised and serviced in one currency but repaid in another currency. In reality, the loan is a combination of an annuity loan (interest payments) in one currency and a zero?coupon loan (redemptions) in the other currency.