Financial Glossary: Shogun Bond


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Shogun Bond

Shogun Bond

A type of foreign-Currency denominated Bond that is issued in Japan by foreign entities. Organizations such as the World Bank have issued such Debt instruments in the past .

Also known as a "geisha Bond"ie issued in Japan by nonresident companies using a Currency other than the Japanese Yen. Also called geisha Bond. For instance, if a Chinese company were to issue a renminbi-denominated Bond in Japan, this would be considered a shogun Bond. The shogun Bond market has been very small. In fact, from 1994 to 2003, there have been no new shogun Bond issues.

This Bond's name is derived from the word shogun, which refers to the traditional military leader of the Japanese army.

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