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Reverse Dual Currency Bond
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Reverse Dual Currency Bond
A bond which pays
coupons
in a non-
base currency
(typically the currency of the issuer) and pays
principal
in the base currency (the currency of the investor). See also
Dual Currency Bond
,
Indexed Currency Option Notes (ICONs)
, Principal
Exchange
Rate-Linked Securities (PERLS),
Foreign Interest Payment Security (FIPS)
.
Glossary
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