List of foreign currency bonds
From Wikipedia, the free encyclopedia
Foreign currency bonds are bonds denominated in a currency that is foreign to the entity issuing the 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
- ↑ "Eurodollar deposit". Archived from the original on 2008-12-26. Retrieved 2009-01-05.
- ↑ "Bulldog Bond Definition from Financial Times Lexicon". Archived from the original on 2018-11-16. Retrieved 2017-06-19.
- ↑ Areddy, James T. (2005-10-11). "Chinese Markets Take New Step With Panda Bond". The Wall Street Journal. Retrieved 2007-07-06.
- ↑ Stein, Peter (2010-11-01). "Dim Sum Bonds on the Menu for Foreign Investors". The Wall Street Journal. Retrieved 2010-11-01.
- ↑ "Charting the Growth of Kungfu Bonds" (PDF). Bloomberg LP. 12 June 2018. Retrieved 9 December 2018.
- ↑ "Komodo Bonds". London Stock Exchange Group. Retrieved 16 February 2022.
- ↑ no byline (2005-12-05). "Ninja loans may yet overtake samurais". The Standard. Archived from the original on 2007-09-29. Retrieved 2008-12-09.
- ↑ Batten, Jonathan A.; Peter G. Szilagyi (2006-04-19). "Developing Foreign Bond Markets: The Arirang Bond Experience in Korea" (PDF). IIS Discussion Papers (138). Retrieved 2007-07-06.
- ↑ Gwon, Yeong-seok (2006-05-24). "'김치본드' 내달 처음으로 선보인다 (Announcement: first 'Kimchi Bonds' next month)". The Hankyoreh. Retrieved 2007-07-06.
- ↑ Chung, Amber (2007-04-19). "BNP Paribas mulls second bond issue on offshore market". Taipei Times. Retrieved 2007-07-04.
- ↑ Moura, Fabiola (2011-03-26). "Chile Expects More 'Huaso' Bond Sales in Coming Months, Larrain Says". Bloomberg.
- ↑ Memili, Ümit (2012). Baklava Bonds: Sweet Margins in Turkey. Evaluating Turkish Corporate Bonds in Local Currency. p. 117.
- ↑ Dual currency bond, accessed 2012-06-08.