These bonds were originally created to escape regulation: by trading in US dollars in London, certain financial requirements of the US government unpopular with bankers could be evaded, and London was happy to welcome the business to grow their own finance sector.
Since then, eurobonds have grown to be a more general way to perform financial operations in a currency while using the regulatory framework of a separate country.
Allen & Overy, one of London's Magic Circle of law firms, were the lawyers on the transaction.
Their conception was largely a reaction against the imposition of the Interest Equalization Tax in the United States.
[8] Coupons are paid electronically via the clearing systems to the holder of the eurobond (or their nominee account).