Foreign Bonds

Definition: A bond that is issued in a domestic market by a foreign entity, in the domestic market's currency. Foreign bonds are regulated by the domestic market authorities and are usually given nicknames that refer to the domestic market in which they are being offered

• Samurai - A yen-denominated bond issued in Tokyo by a non-Japanese company and subject to Japanese regulations. Other types of yen-denominated bonds are Euroyens issued in countries other than Japan
• Kangaroo or Matilda - A type of foreign bond that is issued in the Australian market by non-Australian firms and is denominated in Australian currency. The bond is subject to Australian laws and regulations.
• Bulldog - A Sterling denominated bond that is issued in London by a company that is not British.
• Maple - A Canadian dollar denominated bond that is sold in Canada by foreign financial institutions and companies.
• Yankee - A bond denominated in U.S. dollars and is publicly issued in the United States by foreign banks and corporations.
• Dragon – A bond that is issued in Asia, excluding Japan, but denominated in U.S. dollars.