bond pool

bond pool

A municipal bond offering in which a sponsor sells an issue of bonds with proceeds used by a number of cities or other tax-exempt organizations. The pool permits small cities with low borrowing requirements to reduce the underwriting and interest costs inherent in a small issue. Because of the varying credit risks associated with cities in a single bond pool, nearly all bond pools are insured as to payment of interest or principal. Also called pool financing.
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This will ensure that not all assets of a financial institution are encumbered through a covered bond pool.
26 billion in commercial surety bonds and enter into the Indiana Surface Mining and Reclamation Bond Pool to fully replace all of Peabody's self-bonds.
The investment management mandate spans four fixed income solutions: MD Short Term Bond Fund, MD Bond Fund, MDPIM Canadian Long Term Bond Pool, and MDPIM Canadian Bond Pool.
TD Asset Management Inc (TDAM), the manager of TD Mutual Funds (NYSE: TD) (TSX: TD), has said that the name TD World Bond Pool has been changed to TD Income Opportunities Pool as on July 21, 2010.
Eddie Tech is finalizing program details and anticipates issuing the first bond pool in the first quarter of 2010.
Under SMCRA, states have flexibility to require mine operators to provide a bond for the full cost of reclamation or participate in an alternative bonding system such as a bond pool, which may combine bonds, taxes on coal production, and other sources of funding.
To date, there is well over $10 million in Grow Bond pool.
The resulting bond pool structure enables participating municipalities to take advantage of a superior credit rating and low market interest rates," she said.
Thus, IDBs are normally used only for transactions between $500,000 and $10 million; however, smaller IDB transactions ($500,000 to $2 million) can take advantage of the State's Enterprise Bond Pool Program, which also has lower interest costs.
Individual investors can join a capital appreciation account investing primarily in stocks, a taxable bond pool, and an Oregon tax-free bond pool.
Although there are a large number of individual borrowers, concentration is moderate for a municipal bond pool, with the top 10 representing approximately 44% of the aggregate loan pool.