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imported>Doug Williamson |
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| 1.
| | Ring-fenced financing vehicle. |
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| A long-term security issued by a borrower in the capital market of a country other than the borrower's.
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| Usually underwritten by a syndicate from one country and sold in that country's capital market, the bond is normally denominated in the currency of the country in which it is sold.
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| Examples include Bulldog bonds, Panda bonds and Yankee bonds.
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| 2.
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| The term is also sometimes used (incorrectly) to refer to a global bond or to an international bond.
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| == See also ==
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| * [[Bond]]
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| * [[Bulldog bond]]
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| * [[Domestic bond]]
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| * [[Eurobond]]
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| * [[Global bond]]
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| * [[International bond]]
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| * [[Panda bond]]
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| * [[Syndicated loan]]
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| * [[Yankee bond]]
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| [[Category:Manage_risks]]
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Revision as of 16:41, 7 March 2015
Ring-fenced financing vehicle.
