A sterling bond issued on the UK market by a foreign borrower.
- These sterling bonds are referred to as bulldog bonds as the bulldog is a national symbol of England.
- It can also invest a portion of its assets in interest-bearing securities of other governments and private issuers, such as sterling Eurobonds and bulldog bonds, where interest is generally paid gross.
- CFOs can also consider yen-denominated bonds (Samurai Bonds) and sterling-denominated bonds (Bulldog Bonds), depending on the perceptions of the interest rate and exchange rate movements.
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