dragon bond

Dragon Bond

A eurodollar bond issued in Asia but denominated in U.S. dollars. The dollar is thought to be a lower risk currency than most East Asian currencies (the yen perhaps being the major exception). Some Asian companies therefore issue dragon bonds to encourage investors to buy their debt. Dragon bonds are usually long-term bonds.

dragon bond

A long-term debt security issued in Asia and denominated in U.S. dollars.
References in periodicals archive ?
de Ocampo, the national government was already considering diversifying the sovereign issues from the traditional Yankee and Samurai bonds to tap the regional market with the issuance of fixed-rate Dragon bonds. The country then was considered an emerging tiger economy, earning the finance chief the moniker "Tiger Bobby." Although Dragon has always been associated with China, in 2005, Chinese Finance Minister Jen Ren Qing christened or changed the bond issuance to Panda.