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(Revised from original version)
R.J. Reynolds International Financing
Reynolds must source a substantial portion of the financing of its Nabisco acquisition in offshore bond markets. Morgan Guaranty has proposed a yen/dollar dual currency Eurobond that could be hedged into dollars. This structure is compared to Eurodollar Bonds, Euroyen Bonds, and Euroyen Bonds swapped or hedged into dollars.
Currency Exchange Rate;
Credit Derivatives and Swaps;
Financing and Loans;