A bond that is issued on the UK market by a foreign company (borrower), typically denominated in British pounds. This bond, issued by can be issued in England (sterling-denominated) by a non-British firm or institution, such as a U.S.-based company. As such, a U.S. investor buying a bulldog bond would be exposed to additional risks but also entitled to potential rewards arising from possible “favorable” changes in the value of sterling in relation to the dollar.
March 17, 2025
