A bond that was issued on the Spanish market, denominated in a currency other than the peseta. In this sense, a matador bond belongs to the class of foreign bonds which were usually used by companies not domiciled in the country of issue, yet offered in that country. Matador bonds, as with other types of bonds, were likely exposed to the risk of default. However, they could be issued by companies with low credit quality.
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Comments