If the toyota sells Yen-denominated bonds in Tokyo, then it is not considered a Eurobond. If the bond is sold in New York, then it is considered a Eurobond.
A debt instrument known as a "Eurobond" is one that is issued in a market or nation that uses a currency other than its own as the unit of account. Because they allow for the flexible issuance of securities in different currencies, Eurobonds are crucial for helping organisations raise finance.
A samurai bond is a non-Japanese company's yen-denominated bond issued in Tokyo that is governed by Japanese laws. These bonds give the issuer access to Japanese cash, which can be utilised to fund operations outside of Japan or local investments.
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