When a government borrow money from the public on a long$-$term basis, it usually does so by issuing debt securities$,$ typically referred to as government bonds. A bond that is issued in Europe or in the US by an Australian company and that pays interest and principal to the lender in Australian dollars would be considered as a Eurobond. Focusing on the topic from FINC$20018$ Managerial Finance, briefly discuss the innovations in bond market.