Understand the international bond market
The Eurobond market is where governments, international institutions, banks and companies borrow from investors around the world. It is one of the largest financial markets, yet it is rarely explained in plain language. Atlantic Management exists to change that.
Our free guide covers how Eurobonds are issued, priced, rated, settled and traded, and the risks every investor should understand. Our insight notes look at specific topics in more depth.
Start with the Eurobond Guide
What is a Eurobond?
The basic definition, why the name has nothing to do with the euro, and the features most Eurobonds share.
A short history of the Eurobond market
From the Eurodollar deposits of the 1950s and the 1963 Autostrade issue to today's multi-trillion market.
Eurobonds, foreign bonds and domestic bonds
How a Eurobond differs from a Yankee, Samurai or Bulldog bond and from an ordinary domestic bond.
Who issues Eurobonds?
Sovereigns, supranationals, agencies, banks and corporates, and why each of them comes to the market.
How a Eurobond is issued
Mandate, documentation, bookbuilding, pricing, allocation and closing: the steps of a new issue.
Coupons, payment dates and day count
How Eurobond interest is calculated and paid, including the 30/360 convention and accrued interest.
Latest insights
Reading a Eurobond term sheet
A line-by-line walk through the items you will see on a new-issue term sheet.
What is a new-issue premium?
Why new bonds usually price slightly cheaper than the issuer's existing bonds.
Yield curves explained
Normal, flat and inverted curves and what they say about interest-rate expectations.
What we do – and what we do not
We do
Publish independent educational guides, a glossary and research notes on Eurobonds, credit and fixed income.
We do not
Accept deposits, open accounts, sell investment plans, pay referral commissions or promise any return.
Stay safe
Fixed hourly or daily "profits" are a scam. Learn the warning signs.