Fixed income certificatio - Study guides, Class notes & Summaries

ABL Ltd. is an Australian company that has financed a joint venture project in Singapore using a 15-year, fixed-rate bond paying semi-annual coupons that are denominated in Singapore dollars. The bond's par value, to be paid at maturity, is denominated in US dollars. This bond is an example of a: global bond. currency option bond. dual-currency bond. C is correct. In a dual-currency bond, coupon payments are denominated in one currency, and the par value is denominated in a different...