Sushi Bond

The term sushi bond is used to denote bonds issued outside of Japan by borrowers domiciled in Japan, and denominated by currencies other than the Japanese yen.

The primary purpose of sushi bonds is to enable Japanese borrowers to sell bonds to investors in jurisdictions outside of Japan in the currency of the country which investors are domiciled in. Providing investors with bonds which they can purchase in the currency in which their capital is held and to earn interest in that currency makes lending to Japanese borrowers more attractive to lenders outside of Japan.

See also: Samurai bond; euroyen bond; Shogun bond.

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