Asian dollar bonds, a form of Eurobonds, are long-term U.S.-denominated bonds issued in the Asian dollar market by governments, banks or companies.
This kind of bonds has a small issuance volume, low issuance cost, a maturity of 9-15 years, and a higher interest rate than time deposits. Asian Dollars” refers to foreign currencies deposited with international banks in the Asia Pacific region. The broad Asian currency also includes other freely convertible currencies other than the US dollar , which should be accurately referred to as “Asian currency. However, since the U.S. dollar accounts for more than 90% of trading volume, it is called the “Asian dollar. Asian Dollars are actually a component of Eurodollars, while Asian Dollar Bonds are just a form of Eurodollar bonds.