Term:
Yen-linked bond
Definition:
Bond expressed in U.S. dollars or Swiss francs, whose face value is also indicated in yen (parity fixed at issuance). Issuance and redemption are in yen, which are converted into the original currency at the parity of the payment date.
Domain:
Finance
Source:
Coordinated Portfolio Investment Survey Guide, Second Edition, International Monetary Fund, 2002, Washington DC. Appendix VI: Definition and Description of Instruments
