bulldog bond

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Bulldog bond

Foreign bond issue made in London.

Bulldog Bond

A foreign bond denominated in British pounds and traded in the United Kingdom. In order to raise capital from British investors, a non-British company may choose to sell a bond in the U.K. See also: Yankee Bond, Samurai Bond.

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.