Eurodollar Bond

A U.S.-dollar denominated bond issued by an overseas company and held in a foreign institution outside both the U.S. and the issuer's home nation. Eurodollar bonds are an important source of capital for multinational companies and foreign governments.

A eurodollar bond is a type of Eurobond.

Investopedia Says:
Don't let the name confuse you! Although the eurodollar originated in London, the name today refers only to the history, not the currency.

For example, if a Chinese bank held dollar-denominated bonds issued by a Japanese company, this would be considered a eurodollar bond.

Eurodollar bonds are advantageous because they are subject to fewer regulatory restrictions. They are not registered with the United States' Securities and Exchange Commission and can be sold at lower interest rates than in the U.S.

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Bond that pays interest and principal in Eurodollars, U.S. Dollars held in banks outside the United States, primarily in Europe. Such a bond is not registered with the Securities and Exchange Commission, and because there are fewer regulatory delays and costs in the Euromarket, Eurodollar bonds generally can be sold at lower than U.S. Interest rates. See also Eurobond.