Eurobonds are bonds issued in a currency other than the issuer's home currency outside the issuer's home country.
Eurobonds are usually bearer bonds that pay interest annually without deduction of tax. They are often issued by an off-shore subsidiary of the ultimate borrower in order to ensure the latter.
Eurobonds may vary in the ways bonds usually do: they may pay fixed or floating rates, and they may be convertible.
Eurobonds usually trade off exchange and are aimed at institutional rather than retail (private) investors.