## Samurai Bond and Bulldog Bond
These are foreign bonds — bonds issued by a foreign entity in a domestic market, denominated in the domestic currency.
### Samurai Bond
| Feature | Detail |
|---|---|
| Currency | Japanese Yen (JPY) |
| Issued In | Tokyo, Japan |
| Regulated By | Japanese authorities |
| Issuer | Non-Japanese company |
| Use of Proceeds | Fund Japanese operations OR company's local opportunities |
### Bulldog Bond
| Feature | Detail |
|---|---|
| Currency | Great Britain Pound (GBP) |
| Issued In | London, UK |
| Regulated By | UK authorities |
| Use of Proceeds | Fund UK operations OR company's local opportunities |
> Pattern recognition: The bond name reflects the host country's culture (Samurai = Japan, Bulldog = UK). The currency is always the host country's currency.
### Comparison: Foreign Bonds vs Eurobonds
| Feature | Foreign Bond (Samurai/Bulldog) | Eurobond |
|---|---|---|
| Currency | Host country's currency | Any currency (often not host country) |
| Regulation | Host country regulations | Less regulated; international |
| Market | Single domestic market | Multiple international markets |