Maple bonds are issued by the government of Canada in Canadian dollars but sold to only foreign investors.

Maple Bonds

Foreign corporate or foreign government bonds issued in Canadian dollars to Canadian investors. Because maples are denominated in Canadian dollars, there is no currency or foreign interest rate risk.

Canadian Dollars

The official currency of Canada, symbolized as CAD.

Foreign Investors

Individuals or institutions from outside a country who invest in that country's assets, such as stocks, bonds, or real estate.