Yankee Bonds
Yankee Bonds are Foreign Currency Bonds denominated in US Dollars, issued in the US by a foreign borrower.
A foreign currency bond is a bond that is issued by an issuer in a currency other than its national currency. Issuers make bond issues in foreign currencies to make them more attractive to buyers and to take advantage of international interest rate differentials. Foreign currency bonds can "swapped" or converted in the swap market into the home currency of the issuer. Bonds issued by foreign issuers in the United States market in U.S. dollars are known as "Yankee" bonds. Bonds issued in British pounds in the British bond market are known as "Bulldogs". Yen denominated bonds by foreign issuers are known as "Samurai" b
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