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Secured Lease Obligation Bond
(redirected from Lease Obligation Bonds)

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Secured Lease Obligation Bond
A debt security that is secured by a lease on an asset. That is, the revenue the issuer obtains from the lease guarantees payment on the bond. It is important to note that only the lease (or a lease coupled with a lien on the asset) secures the bond. This is a common financing tool for electric companies building power stations.
secured lease obligation bond (SLOB)
A debt obligation serviced by lease payments on a single asset. The debt may be secured only by the lease or by a combination of the lease and a lien on the asset being leased. SLOBs are used primarily by electric utilities to finance power stations.
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The Midland Cogeneration Venture Limited Partnership ("MCV") today announced that on July 23, 2002, it has made its final payment on the senior secured lease obligation bonds issued by the Midland Funding Corporation I.
Midland Cogeneration Venture Announces Final Payment of Senior Debt by PR Newswire
NEW YORK -- Fitch Ratings has published a report on Palm Beach County School Board, FL's 2010 lease obligation bonds.
Fitch Releases Report on Palm Beach County School Board, FL's 2010 ... by Business Wire
147 billion in pass-through certificates representing secured lease obligation bonds guaranteed by MG and backed by an EME note to MG, which will keep the transaction credit neutral to EMM lenders.
S&P Affirms 'BBB' Rating on Edison Mission Midwest by PR Newswire
 
 
 
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