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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Hundreds of Terms and Concepts
Continuing Disclosure Undertaking or Agreement (CDA)
Obligation, or “undertaking,” of the Issuer or an obligated person under SEC Rule 15c2-12, typically in the form of a contract or certificate.