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A bond issued on the domestic capital market by a foreign borrower and denominated in the domestic currency. These bonds have different names according to the currency of issue, such as Bulldog bond for sterling, Samurai bond for yen and Yankee bond for US dollars.
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foreign bond UK US noun [C] STOCK MARKET
► a bond that is sold in another country's market, using the currency of that country: »
The number of institutional investors who are able to expand investment in foreign bonds is very limited.
Financial and business terms. 2012.