Which of the following statements about Eurobonds is incorrect?

A. Eurobonds are issued simultaneously to investors in a number of countries.
B. Eurobonds are classified based on the currency in which the issue is denominated rather than the geographical origin of the issuer.
C. Eurobonds are unregistered.
D. Eurobonds are typically issued on a secured basis.

Correct Answer: D

Eurobonds are typically issued on an unsecured basis, and as such, most companies who raise capital in the Eurobond market possess above-average credit quality.