Shogun Bond

AAA

DEFINITION of '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".

INVESTOPEDIA EXPLAINS 'Shogun Bond'

For example, 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 relatively 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.

RELATED TERMS
  1. International Bond

    Debt investments that are issued in a country by a non-domestic ...
  2. Bond

    A debt investment in which an investor loans money to an entity ...
  3. CNY

    In currencies, this is the abbreviation for the China Yuan Renminbi. ...
  4. Samurai Bond

    A yen-denominated bond issued in Tokyo by a non-Japanese company ...
  5. Sushi Bond

    A bond issued by a Japanese issuer in a market outside Japan ...
  6. Eurobond

    A bond issued in a currency other than the currency of the country ...
Related Articles
  1. Dragons, Samurai Warriors And Sushi ...
    Bonds & Fixed Income

    Dragons, Samurai Warriors And Sushi ...

  2. Bond Basics Tutorial
    Retirement

    Bond Basics Tutorial

  3. Are Equity-Indexed Annuities Right For ...
    Savings

    Are Equity-Indexed Annuities Right For ...

  4. Examining Credit Crunches Around The ...
    Personal Finance

    Examining Credit Crunches Around The ...

comments powered by Disqus
Hot Definitions
  1. 80-10-10 Mortgage

    A mortgage transaction in which a first and second mortgage are simultaneously originated. The first position lien has an ...
  2. Passive ETF

    One of two types of exchange-traded funds (ETFs) available for investors. Passive ETFs are index funds that track a specific ...
  3. Walras' Law

    An economics law that suggests that the existence of excess supply in one market must be matched by excess demand in another ...
  4. Market Segmentation

    A marketing term referring to the aggregating of prospective buyers into groups (segments) that have common needs and will ...
  5. Effective Annual Interest Rate

    An investment's annual rate of interest when compounding occurs more often than once a year. Calculated as the following: ...
  6. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
Trading Center