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
United States of America American Yankee bond, a U.S. dollar-denominated bond issued by a non-U.S. entity in the U.S. market. Eurodollar bond, a U.S. dollar-denominated bond issued by a non-U.S. entity outside the U.S.Eurodollar Bonds Overview: Functionality and Importance, accessed 2026-05-06. Australia Kangaroo bond, an Australian dollar-denominated bond issued by a non-Australian entity in the Australian market. Canada Maple bond, a Canadian dollar-denominated bond issued by a non-Canadian entity in the Canadian market.
United Kingdom Bulldog bond, a pound sterling-denominated bond issued in London by a foreign institution or government.
BRICS Nations
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 bond, 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. 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. Kungfu bond, an offshore U.S. dollar-denominated bond issued by Chinese financial institutions and corporations. Pearl bond/Free Trade Zone bond, a Chinese renminbi-denominated bond issued by an entity in the Shanghai Free-Trade Zone offshore market. Yulan bond, a bond issued by a Chinese entity denominated in currencies supported by Euroclear through Euroclear Bank and the Shanghai Clearing House. Indonesia Komodo bonds, rupiah-denominated global bonds issued in Indonesia.
Non-BRICS Asian Nations
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.
Korea Arirang bond, a Korean won-denominated bond issued by a non-Korean entity in the Korean market. Kimchi bond, a non-Korean won-denominated bond issued by a non-Korean entity in the Korean market.
Taiwan Formosa bond, a non-New Taiwan Dollar-denominated bond issued by a non-Taiwan entity in the Taiwan market.
Singapore Lion City bond, a foreign currency-denominated bond issued by a foreign company in Singapore.
Other Nations
Huaso bond, a Chilean peso-denominated bond issued by a non-Chilean entity in the Chilean market.
Baklava bond, a bond denominated in Turkish Lira and issued by a domestic or foreign entity in the Turkish market.
Eurobond, a bond where the currency denomination differs from the currency of the country in which it is issued. The term is unrelated to the Euro currency.Eurobond: Definition, Issuers, Advantages and Disadvantages, accessed 2026-05-06
Dual currency bond, a bond where the currency for the coupon payments differs from the currency for the principal repayment.Dual currency bond, accessed 2012-06-08.
See also
Bond (finance) Dedollarisation Economic sanctions Economic warfare SWIFT and its alternatives
References