The Law Dictionary

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CURRENCY WARRANT Definition & Legal Meaning

Definition & Citations:

A longdated currency OPTION (i.e., three to five years) that is typically attached to a BOND (as a BOND WITH WARRANTS). The warrant, which can be detached and traded separately, is generally denominated in a currency that is different from the currency of underlying bond issue and is included to give the issuer a lower overall cost of funding.

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