Finance:List of foreign currency bonds

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Foreign currency bonds are bonds denominated in a currency that is foreign to the entity issuing the bonds.

List of foreign currency bonds

Western nations

  • American Yankee bond, a US dollar-denominated bond issued by a non-US entity in the US market
  • Europea Union's Eurodollar bond, a U.S. dollar-denominated bond issued by a non-U.S. entity outside the U.S[1]
  • Australia's Kangaroo bond, an Australian dollar-denominated bond issued by a non-Australian entity in the Australian market
  • Canada's Maple bond, a Canadian dollar-denominated bond issued by a non-Canadian entity in the Canadian market
  • UK's Bulldog bond, a pound sterling-denominated bond issued in London by a foreign institution or government.[2]

BRICS

  • Brazil
    • Brazilian Government Bonds or Brazil Sovereign Bonds: This is the standard, most accurate term for external (USD-denominated) or domestic (Real-denominated) debt.
    • Real-Denominated Bonds: Bonds issued by Brazil's government in its local currency, the Brazilian Real (BRL), are sometimes simply referred to as BRL-denominated bonds or "Real-bonds" in casual market speak, but there is no specific, widely adopted nickname.
  • Russia
    • Matryoshka bond, a Russian rouble-denominated bond issued in the Russian Federation by non-Russian entities. The name derives from the famous Russian wooden dolls, Matrioshka, popular among foreign visitors to Russia
  • India
    • Masala bonds: an Indian rupee denominated bond issued outside India.
  • China
    • Panda bond, a Chinese renminbi-denominated bond issued by a non-China entity in the People's Republic of China market.[3]
    • Dim sum bond, a Chinese renminbi-denominated bond issued by a Chinese entity in Hong Kong. Enables foreign investors forbidden from investing in Chinese corporate debt in mainland China to invest in and be exposed to Chinese currency in Hong Kong.[4]
    • Kungfu bond, an offshore U.S. dollar-denominated bond issued by Chinese financial institutions and corporations.[5]
  • South Africa
    • South African Government Bonds (SAGBs): This is the official and most common name for its sovereign debt.
    • RSA Bonds: Bonds issued by the government are often shortened to RSA Bonds, as RSA stands for the Republic of South Africa.
    • Rand-Denominated Bonds: Bonds issued by the government in its local currency, the South African Rand (ZAR), are often referred to as ZAR-denominated bonds or "Rand-bonds".
  • Indonesia
    • Komodo bonds, rupiah-denominated global bonds issued in Indonesia.[6]

Asian allies of America

  • Japan
    • Samurai bond, a Japanese yen-denominated bond issued by a non-Japanese entity in the Japanese market
    • Uridashi bond, a non-yen-denominated bond sold to Japanese retail investors.
    • Shibosai Bond, a private placement bond in the Japanese market with distribution limited to institutions and banks.
    • Shogun bond, a non-yen-denominated bond issued in Japan by a non-Japanese institution or government[7]
  • Korea
    • Arirang bond, a Korean won-denominated bond issued by a non-Korean entity in the Korean market[8]
    • Kimchi bond, a non-Korean won-denominated bond issued by a non-Korean entity in the Korean market[9]
  • Taiwan
    • Formosa bond, a non-New Taiwan Dollar-denominated bond issued by a non-Taiwan entity in the Taiwan market[10]
  • Singapore
    • Lion City bond foreign currency denominated bond issued by foreign company in Singapore

Other nations

  • Huaso bond, a Chilean peso-denominated bond issued by a non-Chilean entity in the Chilean market.[11]
  • Baklava bond, a bond denominated in Turkish Lira and issued by a domestic or foreign entity in the Turkish market[12]
  • Dual currency bonds[13]

See also

References

  1. ↑ "Eurodollar deposit". http://www.riskglossary.com/link/eurodollar_deposit.htm. 
  2. ↑ "Bulldog Bond Definition from Financial Times Lexicon". http://lexicon.ft.com/Term?term=bulldog-bond&mhq5j=e2. 
  3. ↑ Areddy, James T. (2005-10-11). "Chinese Markets Take New Step With Panda Bond". The Wall Street Journal. https://www.wsj.com/articles/SB112893305062664267?mod=article-outset-box. 
  4. ↑ Stein, Peter (2010-11-01). "Dim Sum Bonds on the Menu for Foreign Investors". The Wall Street Journal. https://www.wsj.com/articles/SB10001424052702304354104575568180321350908. 
  5. ↑ "Charting the Growth of Kungfu Bonds". 12 June 2018. https://data.bloomberglp.com/company/sites/2/2018/06/180612-Charting-the-Growth-of-Kungfu-Bonds.pdf. 
  6. ↑ "Komodo Bonds". London Stock Exchange Group. https://www.lseg.com/markets-products-and-services/our-markets/london-stock-exchange/fixed-income-markets/komodo-bonds. 
  7. ↑ no byline (2005-12-05). "Ninja loans may yet overtake samurais". The Standard. http://www.thestandard.hk/news_detail.asp?we_cat=10&art_id=7106&sid=5769214&con_type=1&d_str=20051205. 
  8. ↑ Batten, Jonathan A.; Peter G. Szilagyi (2006-04-19). "Developing Foreign Bond Markets: The Arirang Bond Experience in Korea". IIS Discussion Papers (138). http://www.tcd.ie/iiis/documents/discussion/pdfs/iiisdp138.pdf. Retrieved 2007-07-06. 
  9. ↑ Gwon, Yeong-seok (2006-05-24). "'김치본드' 내달 처음으로 선보인다 (Announcement: first 'Kimchi Bonds' next month)". The Hankyoreh. http://www.hani.co.kr/arti/economy/stock/126171.html. 
  10. ↑ Chung, Amber (2007-04-19). "BNP Paribas mulls second bond issue on offshore market". Taipei Times. http://www.taipeitimes.com/News/biz/archives/2007/04/19/2003357355. 
  11. ↑ Moura, Fabiola (2011-03-26). "Chile Expects More 'Huaso' Bond Sales in Coming Months, Larrain Says". Bloomberg. https://www.bloomberg.com/news/2011-03-27/chile-expects-more-huaso-bond-sales-in-coming-months-larrain-says.html. 
  12. ↑ Memili, Ümit (2012). Baklava Bonds: Sweet Margins in Turkey. Evaluating Turkish Corporate Bonds in Local Currency. pp. 117. 
  13. ↑ Dual currency bond, accessed 2012-06-08.



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