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International Banking
Investment banking is a global business, with most of the largest firms operating in more than twenty countries. This chapter focuses on (1) Euromarkets, (2) financing and advisory activity in Japan, China, and emerging markets, (3) the global IPO market, and (d) selected other international banking topics.
Euromarkets
Euromarkets is the generic term used in international capital markets for securities issued and held outside the issuer’s country of origin. Bonds that trade in this market are called Eurobonds. Euromarkets exist to facilitate cross-border financings by corporations and sovereign entities and were originally created in response to the Cold War during the 1950s. The Soviet Union at that time was concerned that ...
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