An Asian bond is a form of Eurobond, a long-term bond issued by a government, bank or company in the Asian dollar market with a face value of the United States.
These bonds have small issuance, low issuance costs and maturities of 9-15 years, which is higher than time deposits.
“Asian dollars” refers to foreign currencies deposited in international banks in the Asia-Pacific region.
The broad term includes freely convertible currencies other than the US dollar, which should be accurately referred to as the “Asian currency”.
However, the dollar is known as the “Asian dollar” because it accounts for more than 90 percent of trading volume.
The Asian dollar is actually a component of the Eurodollar, and the Asian dollar bond is just one form of the Eurodollar bond.