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CFA Level I · CFA Level I Exam · Fixed-Income Issuance and Trading

A bond issued by a national government in its own domestic currency and sold primarily to investors in that country is best described as a:

This is a domestic bond. It is issued in the issuer's home country, in the local currency, and falls under local regulation. Eurobonds are issued outside any single country's jurisdiction, and global bonds are sold at once in the Eurobond market and in at least one domestic market.

  1. Adomestic bondCorrect
  2. BEurobond
  3. Cglobal bond

Explanation

A bond issued by an issuer in its home market and in its home currency, under that country's regulations, is a domestic bond. A Eurobond is issued outside the jurisdiction of any single country. A global bond is issued simultaneously in the Eurobond market and at least one domestic market.

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