| 1. | Dual-currency bonds raise money in one currency and repay it in another.
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| 2. | Danish and Irish bonds were the third-and fourth-best local currency bond investments.
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| 3. | A dual currency bond pays interest in one currency and principal in another.
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| 4. | In 2008, Manila Water issued the first local currency bond since the crisis.
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| 5. | Speculation of more dual-currency bond sales overseas, they said, has buoyed both markets.
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| 6. | Local currency bonds expose foreign investors to the risk of a currency depreciation.
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| 7. | When companies sell dual-currency bonds, investors shoulder the currency risk, not the company.
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| 8. | That is, for example, the case of CPI-indexed local currency bonds.
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| 9. | And salaries and bonuses for Asian-currency bond specialists are soaring.
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| 10. | The downgrades gives Indonesian, Korean and Thai foreign currency bonds " junk " status.
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