If a bond is aimed solely at a country’s domestic investors, it is more likely that the borrower will issue in the local currency.
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Currency Denomination bonds nternational investors. Issuers may also choose to issue in a foreign currency if they are expecting cash flows in the foreign currency because the interest payments and principal repayments can act as a natural hedge, reducing currency risk. <span>If a bond is aimed solely at a country’s domestic investors, it is more likely that the borrower will issue in the local currency.
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