Bulldog Bond

In finance, the term bulldog bond refers to a bond issued in the United Kingdom (UK) by a non-UK entity. Bulldog bonds are issued by UK book runners on behalf of foreign companies and governments.

They are denominated by British pounds, which facilitates trading on UK exchanges such as the London Stock Exchange.

The purpose of bulldog bonds is to enable investment in non-UK bonds without currency exchange costs and risks. Bulldog bonds also allow borrowers in difficult-to-access markets to reach investors through a globally recognized exchange.

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