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.
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© 2008 Tarsem Singh Bhogal and Arun Kumar Trivedi
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Bhogal, T.S., Trivedi, A.K. (2008). Guarantees and International Bonds. In: International Trade Finance. Finance and Capital Markets Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780230594326_17
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DOI: https://doi.org/10.1057/9780230594326_17
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-36360-5
Online ISBN: 978-0-230-59432-6
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