bond-basics

Conduit Bonds

Bonds issued by an Issuer in a Conduit Financing.

All the Bonds

Learn more about the various types of municipal obligations you may encounter.


See Also

Bond

Evidence of the borrowing by an issuer and a debt instrument for tax purposes.

Conduit Financing

Financing in which the Issuer issues the bonds to finance a project to be used primarily by a third party.

Conduit Borrower

The private business that either receives the proceeds of the tax-exempt bonds through a loan by the issuer to fund all or a portion of a capital project or leases the facility financed with the proceeds of the tax-exempt bonds.

Hudson Yards Rail Yards

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Redemption

The repayment of bonds prior to their maturity date.