A Eurobond is a type of bond that is issued in a currency different from the currency of the country where it is sold. These bonds are typically issued by governments or corporations to raise capital from international investors. Eurobonds are often traded in the international market, making them accessible to a wide range of investors. The term "Eurobond" does not necessarily refer to bonds issued in Europe; rather, it signifies that the bond is issued outside the jurisdiction of any single country. This allows issuers to benefit from favorable regulations and tax treatments, attracting more investment from global markets.