dual currency bond

Definition

Bond denominated in one currency, but paying interest in another currency at a fixed exchange rate.

Use dual currency bond in a sentence

The dual currency bond used two forms of currency which I found cool, but a bit confusing at the same time.

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You may want to try and take out a dual currency bond if you think that will be a good investment for your p ortfolio.

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The dual currency bond was preferred for the international business magnate and currency trading expert who enjoyed these foreign currency transaction.

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dual currency swap domestic bond