bond-basics

Conduit Issuer

The Issuer in a Conduit Financing.

See Also

Conduit Financing

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

Conduit Bonds

Bonds issued by an Issuer in a conduit financing.

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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Financing Statement

Another name for a UCC form, filed in the state and/or county where the security for the repayment of the bonds is located or the transaction is taking place, which may be required to perfect a security interest in certain property and revenues.