Eurocurrency loan

This topic has 1 reply, 2 voices, and was last updated 2 years ago by IAW3005.

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November 7, 2023 at 6:22 am #694499
krrish2005
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Sir i was studying euro markets and i came up with a doubt:
Can a usa based company take a loan in us$ from a uk bank(euro bank) and will be called a eurocurrency loan?
November 7, 2023 at 6:58 am #694501
IAW3005
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A USA-based company cannot take a loan in US$ from a UK bank and call it a eurocurrency loan. Eurocurrency loans refer to loans in a currency that is not the currency used in the country where the company is based.
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