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Define the Straight fixed-rate bond
Straight fixed-rate bond issues comprise a designated maturity date at which the principal of the bond issue is guaranteed to be repaid. Throughout the life of the bond, fixed coupon payments that are few percentage rate of the face value are paid as interest to the bondholders. This is the main international bond type. Straight fixed-rate Eurobonds are commonly bearer bonds and pay coupon interest yearly.
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Eurobond A corporate bond denominated in U.S. dollars or other hard currencies and sold to investors outside the country whose currency is used. Eurobonds have become an impor
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