Yankee bond

Yankee Bond

A foreign bond denominated in U.S. dollars and traded in the United States. In order to raise capital from American investors, a non-American company may choose to sell a bond in the United States. Most of the time, the issuers must register Yankee bonds with the SEC. See also: Bulldog bond, Samurai bond.

Yankee bond

A dollar-denominated bond sold in the United States by a foreign-domiciled issuer. U.S. investors can therefore purchase the securities of foreign issuers without being subject to price swings caused by variations in currency exchange rates. Yankee bond prices are influenced primarily by changes in U.S. interest rates and the financial condition of the issuer.

Yankee bond.

Yankee bonds are bonds issued in dollars in the United States by overseas companies and governments.

The purpose is to raise more money than the issuers may be able to borrow in their home markets, either because there is more money available for investment in the United States, or because the interest rate the issuers must pay to attract investors is lower.

US investors buy these bonds as a way to diversify into overseas markets without the potential drawbacks of currency fluctuation, foreign tax, or different standards of disclosure that may be characteristic of other markets.

References in periodicals archive ?
Frankowska, who led Weil's team, commented: "There have been very few Yankee bond offerings by issuers from Central and Eastern Europe, especially offerings this size.
We are seeing substantial demand from Yankee bond issuers and are well-positioned to capitalize on the significant growth that we expect to see in this space.
In these roles he built Yankee Bond and Emerging Market and International Operations respectively.
Yankee Bond: The Government of Pakistan has decided in principle to float $200 million Yankee bond at the international Bond market to further strengthen its liquidity position.
The debt refinancing included the exchange and tender offer of Yankee notes due in 2014, the tender offer of a domestic bond due in 2019, and the issuance of a Yankee bond due in 2021.
In January 2011 Transelec issued bonds for UF7 million (approximately cl$151 billion) in the local market, funding the repayment of USD280 million (approximately cl$134 billion) Yankee bond and the associated swaps with maturity in April.
5 MM (approximately USD290 million) in order to refinance the upcoming maturity of its Yankee bond for USD280 million (including a USD35 million swap) in April 2011.
The proposed issuance of the ten year USD400 million Yankee bond in February 2010 will improve its debt profile.
The company issued a Yankee bond in July 2005 for US$100 million, maturing in 2012, for which the company already repurchased for US$13 million.
Fitch has assigned an 'RR2' Recovery Rating to Iansa's Yankee Bond, indicating that in the event of financial difficulties Iansa's unsecured notes have an expected average recovery level of between 71%-90%.
The balance of CAP's debt is composed primarily of a 15-year local bond issue for UF4 million (equivalent to US$155 million) that amortizes between 2009 and 2020; a $200 million yankee bond due in 2036; and a $150 million syndicated loan from ABN AMRO Bank, which begins amortizing in October 2009 in semiannual installments of $25 million and $30 million bank loan from Santander, that amortizes between 2010 and 2013.
The company's next Yankee bond maturity will occur in 2014, mitigating medium-term liquidity concerns at the level of Enersis.