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
Reimbursement Agreement
A contract typically seen in transactions that involve a letter of credit or a guaranty.