Definition of A Eurobond?

A Eurobond has two different meanings:

An international bond that is denominated in a currency other than that of the country in which it was issued:

• These can be traded on the global markets
• Named after the currency they are issued in (i.e. Eurodollar, Euroyen)

A bond issued by the European Monetary Fund:

• Investors are effectively loaning the EMF money, which it then uses to help financially distressed counties within the Eurozone
• First proposed in mid-2011 as a result of the Eurozone debt crisis