Some analysts say the greenback-denominated debt could damage the company if China devalues the renminbi.
Yuan-denominated debt would be attractive for African institutions to issue as their local currency-denominated debt markets are nascent.
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As global demand for dollar-denominated debt falls, the Fed is looking for an excuse to pick up the slack.
Brady bonds are U.S.-dollar denominated debt issued by non-U.S. countries, usually developing nations.
One attractive feature of euro-denominated debt is that it pays a higher yield.
For dollar-denominated debt (such as United States Treasury bonds and mortgages), adjust world interest rates for changes in U.S. inflation.
M3, its favoured measure of money supply, are incorrect: distorted, it says, by short-term euro-denominated debt held by investors outside the euro area.
For one, if the ECB were to give the euro a gold definition, the cost of servicing euro-denominated debt for Greece and Ireland would decline.
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But it is his overexposure to dollar-denominated debt that stands out.
That would leave many holders of Greek debt without protection from losses, encouraging them to hedge their risk by betting against other euro-denominated debt like Italy's.
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The consequences almost certainly would include the inability of Greek corporates to service their euro- and dollar-denominated debt if the drachma is readopted as an operating currency.
Given the amount of USD denominated debt that the Chinese own, and are continuing to buy, (thankfully, because no one else is), that is a defensive, rational move.
The downgrade is for yuan-denominated debt, not foreign currency debt.
Devaluation for Greece would increase the burden of euro-denominated debt.
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All the US needs to do is print more greenbacks: Buy dollar-denominated commodities and goods with dollars and debt, and service the dollar-denominated debt with dollars and more debt.
The only bonds offered by foreign issuers that Fidelity's brokerage arm will sell you are Yankee bonds--dollar-denominated debt of foreign issuers, which will give you the feel of diversity but little else.
There's excessive corporate balance sheet leverage in dollar-denominated debt.
The money it saved by stiffing private creditors (it paid dollar-denominated debt holders only 15 cents on the dollar) and the money that gushed in as commodities rose in price enabled Buenos Aires to pay off its IMF obligations.
Dollar denominated corporate debt which is debt issued by companies that instead of being issued in the local currency, is denominated in US Dollars.
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Foreign funds had stepped up their purchases of ringgit-denominated sovereign debt in the run-up to the election.
As Venezuelans sought refuge in U.S. dollars, local brokerages were forced to meet demand by selling some of their dollar-denominated sovereign debt.
He pointed out that China has been increasing its holding of euro-denominated government debt and hasn't been selling since the risk of a Greek default became acute.
Two kinds of capital stand out: short-term debt, and debt denominated in foreign currency.
The USA is rational in wanting to keep our debt denominated in our own currency.
But we have a pretty good 5% position in dollar- denominated emerging market debt through Brady bonds.
The move speaks to stiffing euro creditors, after which any government debt denominated in drachma would require astronomical rates of interest to float.
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Warburg also helped develop the market for Eurobonds (debt denominated in a currency different to that of the country where it is issued).
Also, some Eastern European countries which have a high level of debt denominated in other foreign currencies and have overvalued currencies will face challenges.
He prefers high yield dollar denominated Brazilian corporate debt.
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