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bulldog bond

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Bulldog Bond
A sterling denominated bond that is issued in London by a company that is not British.

Notes:
These sterling bonds are referred to as bulldog bonds as the bulldog is a national symbol of England.

Bulldog bond
Foreign bond issue made in London.
bulldog bond
A sterling-denominated bond issued by a non-British firm or institution. An example of a bulldog bond is one denominated in sterling and issued in England by a U.S.-based company. Purchase of a bulldog bond by a U.S. investor would entail extra risks but also potential rewards stemming from possible changes in the value of sterling in relation to the dollar.
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