Bulldog Bond
A Bulldog bond is a sterling-denominated bond issued in the United Kingdom by a non-UK borrower.
Yankee, Bulldog, Kangaroo, and Matilda bond terms used for named foreign bond markets.
U.S. and Commonwealth foreign bond markets are nickname categories for foreign-issuer bonds sold in markets such as the United States, United Kingdom, Australia, and related Commonwealth contexts.
Use this branch when a nickname identifies the local market wrapper for a foreign issuer’s bond.
| Term | What it clarifies |
|---|---|
| Yankee Bond | A foreign issuer’s bond sold in the U.S. market. |
| Bulldog Bond | A foreign issuer’s bond associated with the U.K. market. |
| Kangaroo Bond | A foreign issuer’s bond associated with the Australian market. |
| Matilda Bond | An Australia-linked named foreign bond term. |
Check issue currency, local market rules, disclosure documents, tax withholding, settlement, rating treatment, and whether the investor is taking issuer risk, currency risk, or both.
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A Bulldog bond is a sterling-denominated bond issued in the United Kingdom by a non-UK borrower.
A Kangaroo bond is an Australian-dollar bond issued in Australia by a non-Australian borrower, giving foreign issuers local-market funding.
Australian-dollar bond issued in Australia by a foreign borrower.
A Yankee bond is a U.S.-dollar bond issued in the United States by a foreign borrower and subject to U.S. market rules.