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Type of bond: foreign bond;Euro bond; International bond

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A Japanese company issues a yen-denominated bond in Australia
a. What type of bond is that? Foreign bond? Eurobond? International bond? - Explain!
b. Provide a possible explanation why this kind of a bond might be beneficial to the Japanese company.

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This solution assists in determining the type of bond.

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Part a.
This is an example of a Eurobond.
Foreign bonds are denominated in the local currency. Since these bonds are issued in Australia but denominated in Japanese Yen, these are not foreign bonds.
On the other hand, eurobonds are placed mainly in countries other than the one in whose currency, the bond is denominated. The bonds and denominated in Japanese Yen but are issued outside Japan, so it is an example of ...

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