When an Australian company borrows through an issue of bonds denominated in USD into the Japanese Markets, the company has conducted:

Question

When an Australian company borrows through an issue of bonds denominated in USD into the Japanese Markets, the company has conducted:
A. a euroyen transaction 
B. a eurobond transaction 
C. a eurodollar transaction
D. a eurokangaroo transaction

GPT-4o mini · Answer

The correct answer is **A. a euroyen transaction**. A euroyen transaction refers to bonds that are issued in a currency other than the local currency of Japan (i.e., yen) and sold in the Japanese market. Since the bonds in this case are denominated in USD and issued in Japan, it qualifies as a euroyen transaction.