A Japanese firm issued and sold a pound denominated bond in the United Kingdom. A U.S firm issued bonds denominated in dollars but sold the bonds in Japan. Which one of the following statements is correct?

A. Both bonds are examples of Eurobonds

.B. The Japanese bond is a Eurobond and the U.S. bond is termed a foreign bond.

C. The U.S. bond is a Eurobond and the Japanese bond is termed a foreign bond

.D. Neither bond is a Eurobond.