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Bank Guarantees and International Bonds

  • Tarsem Bhogal
  • Arun Trivedi
Chapter
Part of the Finance and Capital Markets Series book series (FCMS)

Abstract

Guarantees and international bonds are two separate subjects. A guarantee is usually an undertaking given by a person/guarantor as security for a credit facility offered by a creditor/bank to a borrower. An international bond is an undertaking given by a bank or issuer at the request of its customer (contractor/supplier) in favour of a project owner or beneficiary/buyer in another country.

Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Tarsem Bhogal
    • 1
  • Arun Trivedi
    • 1
  1. 1.LondonUK

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