Sushi Bond


DEFINITION of 'Sushi Bond'

A bond issued by a Japanese issuer in a market outside Japan and denominated in a currency other than the yen. Sushi bonds are especially popular with Japanese institutional investors, since these bonds do not count toward regulatory limits on foreign securities holdings. A sushi bond is essentially a colloquial term for a eurobond from a Japanese issuer.


A Japanese company may seek to issue sushi bonds for a number of reasons: to capitalize on new investment opportunities, access cheaper funding alternatives or refinance foreign currency liabilities. Japanese institutions that wish to add an element of currency diversification to their bond portfolios are logical buyers for sushi bonds.

  1. Bond

    A debt investment in which an investor loans money to an entity ...
  2. Samurai Bond

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  3. Issuer

    A legal entity that develops, registers and sells securities ...
  4. Global Bond

    This type of bond can be traded in a domestic or European market. ...
  5. Eurobond

    A bond issued in a currency other than the currency of the country ...
  6. Matilda Bond

    A bond denominated in the Australian dollar and issued on the ...
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