Conduit Financing
Financing in which the Issuer issues the bonds to finance a project to be used primarily by a third party.
bond-basics
Conduit Issuer
The Issuer in a Conduit Financing.
See Also
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.
Start with the Bond Basics
Hundreds of Terms and Concepts
Gross Proceeds
Includes sale proceeds, investment proceeds, transferred proceeds (which, together with sale and investment proceeds equal the “proceeds” of the bonds) and replacement proceeds, all of which are defined in the Code.