bond bank

(redirected from Bond Banks)

Bond Bank

A government agency that buys whole issues of municipal bonds from local governments. Bond banks buy these bonds using funds they accumulate from the issue of their own bonds.

bond bank

A bond pool sponsored by a state.
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In addition, the bond banks unrestricted general fund balance totaled $10.
7 million Vermont Municipal Bond Bank (VMBB) 2009 series 1 bonds and approximately $25.
Neither the intercept nor the moral obligation has ever been utilized, because there has not been a borrower default since the bond bank began operations.
Including loans made from the proceeds of the 2009 series 1 and 2 bonds, the bond bank will have loans outstanding to 309 borrowers from various cities, towns, villages, schools districts, water districts, fire districts, solid waste districts, and a transportation authority.
Housing and bond banks with a moral obligation continue to be the most prevalent.
In some cases, I might suggest new sources of credit or types of lenders, such as state bond banks or FHA insured mortgage debt offerings for weaker credits, who might be a better fit for all or a part of their debt.
CHICAGO -- (This revised version of a Fitch press release dated June 29 reflects the resizing of the refunding bonds being issued by Vermont Municipal Bond Bank.
Fitch Ratings has assigned an 'AAA' rating to approximately $52 million Vermont Municipal Bond Bank (VMBB) 2007 series 1 bonds and $31.
Neither the intercept nor the moral obligation has ever been utilized, because there has not been an extended borrower default since the bond bank began operations.
Including loans made from the proceeds of the 2007 series 1 bonds, the bond bank will have loans outstanding to 307 borrowers from various cities, towns, villages, schools districts, water districts, fire districts, solid waste districts, and a transportation authority.
CHICAGO -- Fitch Ratings has assigned an 'AAA' rating to approximately $52 million Vermont Municipal Bond Bank (VMBB) 2007 series 1 bonds, $54.