Euroyen Bond


DEFINITION of 'Euroyen Bond'

A Eurobond that is denominated in Japanese yen and issued by a non-Japanese company outside of Japan. Despite what the name suggests, Euroyen bonds can be found in bond markets around the world, not just in European markets.

BREAKING DOWN 'Euroyen Bond'

For example, if a U.S. bank holds yen-denominated bonds issued by a French company, then it is holding Euroyen bonds.

These types of bonds are advantageous because they face less regulatory restrictions. Euroyen bonds also tend to have small par values and high liquidity. These types of bonds have been around since 1984, when Japan started to open its financial markets.

  1. Liquidity

    The degree to which an asset or security can be quickly bought ...
  2. Bond

    A debt investment in which an investor loans money to an entity ...
  3. Par Value

    The face value of a bond. Par value for a share refers to the ...
  4. Eurocurrency

    Currency deposited by national governments or corporations in ...
  5. Eurobond

    A bond issued in a currency other than the currency of the country ...
  6. Forex - FX

    The market in which currencies are traded. The forex market is ...
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