Shogun Bond

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Shogun bond

Dollar bond issued in Japan by a nonresident.

Shogun Bond

A bond issued in Japan by a non-Japanese organization in any currency other than the yen. The shogun bond market is relatively small, but the World Bank has issued them in the past. Less commonly, it is called a geisha bond.

Shogun bond

A bond denominated in currency other than yen and issued in Japan by a non-Japanese borrower. For example, a U.S. firm issuing dollar-denominated bonds in Japan would be selling Shogun bonds.

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