Business, Legal & Accounting Glossary
A Canadian dollar-denominated bond that is sold in Canada by foreign financial institutions and companies. Similar to other foreign bonds (such as the bulldog bond, samurai bond and the matilda bond), the maple bond gives domestic investors (in this case, Canadian investors) the opportunity to invest in foreign companies without worrying about the effects of currency exchange fluctuations.
Ever since the foreign content restrictions on registered investments was removed in Canada in 2005, maple bonds have been gaining popularity. According to Statistics Canada, nearly $27 billion worth of maple bonds was invested in during 2006.
Foreign companies can use maple bond issues to raise Canadian dollars for setting up operations in Canada.
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This glossary post was last updated: 17th October, 2021 | 0 Views.