Bearer-Bond.com

Where to Purchase Bearer Bonds

Bearer bonds have essentially been eliminated by the Tax Equity and Fiscal Responsibility Act of 1982; there are old issues that have yet to mature, but no new issues have been sold in the United States since 1982. Outside the United States, government treasuries still issue bearer bonds. The Bank of Sierra Leone is one government that still issues bearer bonds. On Monday July 24th, 2006, The Bank of Sierra Leone issued 8,824,750,000.00 Leone SLL, or 2,971,546.60 US Dollars, where one US Dollar is equivalent to 2,969.80 SLL.

Eurobonds are issued outside the US; they are typically in bearer bond form, and pay interest annually. These bonds are usually in US dollar-denominations, but can be in other currencies. Most Eurobonds are straight debt issues, but warrants and convertible Eurobonds are not unusual. Eurobond investors should be accredited investors, and able to withstand large fluctuations in the currency market. Eurobond maturities are usually shorter, and issue sizes generally are smaller than in the domestic market. The Eurobond market is essentially unregulated, and yields are less subject to government influence than in the US bond market.