Word: eurobond
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Dates: during 1970-1979
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...Kleinwort had not given in, said its chief, Sir Cyril Kleinwort, the Arabs would have invested their money elsewhere. But other London bankers noted skeptically that Kleinwort, Benson was all too happy to exclude its competitors, Rothschild and Warburg, which are bigger and better established than Kleinwort in the Eurobond market...
Bank Paradise. The banking gnomes of Luxembourg have made their country into the world capital for a new kind of capital: the Eurobond. Issued abroad by both U.S. and foreign companies and usually payable in dollars, Eurobonds are used to tap the $60 billion in American money that is sloshing around Europe. The Luxembourgeois have turned their tiny, one-room stock exchange-manned by four callers who quote prices to a dozen brokers seated around a single table-into a marketplace for no fewer than 409 different issues of Eurobonds. Last year it handled a volume of $1.6 billion...