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secured bond

   Also found in: Legal, Financial 0.01 sec.
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Noun1.secured bond - a bond that is back by collateral
bond certificate, bond - a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal
debenture, debenture bond, unsecured bond - the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future


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Summary: Capital Intelligence (CI), the international credit rating agency, today announced that it has affirmed International Finance Company's (IFC) KWD15mn secured bond rating of BBB-.
2 million interest payment on its 11 percent senior secured bonds, a $350 million issue.
6 million of secured bonds to be issued by Caparra Center Associates, LLC (Caparra) to be issued through the Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority (AFICA).
 
 
 
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