Definitions for "Yankee bonds"
A U.S. dollar-denominated bond issued by foreign banks and corporations in the U.S. market.
Foreign bonds denominated in U.S. dollars, issued and sold in the United States by foreign companies and banks for purchase by U.S. citizens or institutions.
These U.S. dollar-denominated bonds are issued in the United States by non-U.S. banks, corporations, and governments. Similarly, Yankee Certificates of Deposit are negotiable CDs issued in the United States by branches and agencies of non-U.S. banks. As trustee and fiscal agent, we perform several services, including reviewing the fiscal agency agreement or trust indenture, authenticating and delivering securities when issued, making semi-annual interest payments, and maintaining account records.