Glossary

Updated 23 September 2018

This glossary offers definitions of technical terms commonly used in the BIS Quarterly Review.

The glossary is also available as a PDF file in ChineseFrench, German, Italian and Spanish.

foreign bond

Bond denominated in the local currency of the country where the bond is issued, issued by a foreign borrower, and registered for sale to investors in the country where it is issued. For example, a US dollar-denominated bond issued in the US market by an issuer that resides outside the United States. Foreign bonds denominated in US dollars are known as Yankee bonds, those denominated in yen as Samurai bonds, and those denominated in Chinese yuan as Panda bonds.

Updated: 21 Aug 2018
foreign bond

Bond denominated in the local currency of the country where the bond is issued, issued by a foreign borrower, and registered for sale to investors in the country where it is issued. For example, a US dollar-denominated bond issued in the US market by an issuer that resides outside the United States. Foreign bonds denominated in US dollars are known as Yankee bonds, those denominated in yen as Samurai bonds, and those denominated in Chinese yuan as Panda bonds.

Updated: 21 Aug 2018