Foreign bonds, Financial Management

They are issued in the local market, by a foreign borrower are usually denominated in the local currency. For example, Yankee bonds are USD denominated bonds issued in the United States by a foreign issuer; Samurai bonds are JPY denominated bonds issued by non-Japanese firms; and Bulldog bonds are GBP denominated bonds issued by non-British entities. 

Posted Date: 9/8/2012 5:12:01 AM | Location : United States

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