After describing the international capital market abroad, this article, which is in the nature of a general survey rather than an in-depth technical analysis, will summarize certain aspects of the balance of payments programs of the Kennedy and Johnson Administrations. The general characteristics of public issues sold abroad by United States corporations then will be noted, followed by mention of some of the principal considerations, financial, legal and governmental agency rulings, that must be taken into account in connection with the development and marketing of these security issues.