Collateral trust bonds

Collateral trust bonds

A bond in which the issuer (often a holding company) grants investors a lien on stocks, notes, bonds, or other financial asset as security. Compare mortgage bond.

Collateral Trust Bond

A bond usually issued by a holding company that is collateralized with securities rather than physical assets. Holding companies are the primary issuers of these bonds because their primary operation is to hold stock in other companies; their main assets are these securities.
References in periodicals archive ?
0 million aggregate principal amount of its collateral trust bonds, 7% series due 2023.
570 million of fixed-rate Collateral Trust Bonds rated A+/A+/A1 by Fitch Ratings, Standard & Poor's and Moody's Investors Service, respectively.
The second mortgage bonds are rated the same as the first mortgage bonds and the first collateral trust bonds due to the substantial value of the collateral available to creditors secured by first and second mortgage bonds.
The first collateral trust bonds were issued in two series: $300 million with a 4.
Interstate Power and Light Company will have the flexibility to issue and sell from time to time preferred stock, senior unsecured debt securities and collateral trust bonds.
The re-rating of the QUICS does not adversely affect ratings on CFC's other obligations, including its collateral trust bonds, medium-term notes and commercial paper.
The filing registers $500 million of new secured first collateral trust bonds or unsecured senior debt securities.
DCR's ratings for PPW are as follows: first mortgage and collateral trust bonds and medium-term notes 'A' (Single-A); quarterly income preferred securities, quarterly income debt securities, trust preferred securities and preferred stock 'A-' (Single-A-Minus); and commercial paper 'D-1' (D-One).
Xcel Energy (NYSE:XEL) today announced it has priced $250 million of 10-year First Collateral Trust Bonds at 4.
At the same time, Standard & Poor's affirmed its double-'A' rating on the corporation's outstanding collateral trust bonds.
Fitch Ratings has assigned a 'BBB+' rating to Public Service Company of Colorado's (PSCO) new issuance of $600 million of first collateral trust bonds.