Here's a look at some of the other specialists bonds. Eurobonds are international bonds and all Eurobonds really mean is that they are not denominated in the currency of the country where it is issued. Eurobonds are usually named after the currency in which they are denominated so Euroyen bonds are denominated in yen, and Eurodollar bonds are denominated in dollars. These are traded in many countries, not just in Europe. It simply means they're not denominated in the currency of the country where it is issued. Then you have these bonds with a cool name. The Samurai bonds. Samurai bonds are yen denominated bonds that are issued in Japan by non-Japanese companies. They're subject to Japanese regulations and the reason issuers do this is that the Japanese market could provide the issuer with lower funding costs. The first reason for this is of course, historically, that Japan has had low interest rates for a very long time. The second reason could be that the issuer wants to tap into the very large Japanese bond market. Another reason to issue Samurai bonds is that they could serve as a hedge on the issuer's overall currency exposure.