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In general, a bond is basically a debt security instrument with an original maturity date of more than 1 year and is also tradeable in the financial markets. A Diaspora bond (Db) is a bond issued by a country to its expatriate citizens' resident in the Diaspora to tap into their accumulated savings. It is an alternative to borrowing from the global financial institutions, capital markets or bilaterally from other governments. The idea of tapping into migrant wealth is not new. The practise of issuing Diaspora bonds dates back to the early 1930s with the first issuers being Japan and China followed in the 1950s by Israel and later by India in the 1990s. The Israeli bonds have been a success story and are estimated to have mobilised an estimated $25 billion in the past 30 years. According to statistics, Israel’s Diaspora bonds accounted for 20-35% of its outstanding external debt between 1983 and 2003.