Bonds issued for longer term and must be sold in country whom currency is not used in denomination of bonds are classified as

Solution (By Examveda Team)

Bonds issued for longer term and must be sold in country whom currency is not used in denomination of bonds are classified as Eurobonds. A eurobond is denominated in a currency other than the home currency of the country or market in which it is issued. These bonds are frequently grouped together by the currency in which they are denominated, such as eurodollar or euroyen bonds.