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.
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Institutional Investors
Banks, insurance companies, pension funds and other institutions meeting SEC requirements who buy bonds.