collateral trust 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.

collateral trust bond

A long-term debt obligation with a claim against securities rather than against physical assets. This type of bond is issued primarily by holding companies that own mainly securities of subsidiaries.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

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As of May 31, 2018, capital markets funding (collateral trust bonds, non-member commercial paper and medium-term notes; and subordinate deferrable debt) represented 50% of total funding, compared to roughly 80% in FY04.

CFC's collateral trust bonds (CTB) are backed by high-performing mortgage notes with strong, stable underlying hard assets and substitution requirements in the event of collateral underperformance.

Fitch Affirms National Rural Utilities Cooperative Finance Corporation at 'A'/'F1'; Outlook Stable

The National Rural Utilities Cooperative Finance Corporation (CFC) (NYSE: NRU) (NYSE: NRC), a non-profit finance cooperative created and owned by America's electric cooperative network, has completed its underwritten public offering of USD800m in collateral trust bonds.

-Cooperative Finance Corporation completes USD800m in collateral trust bonds

23 February 2011 - Deutsche Bank Securities, JPMorgan Securities and RBS Securities were among the joint book-runners for the USD300m (EUR219m) sale of collateral trust bonds by National Rural Utilities Cooperative Finance Corp (NYSE:NRU), or CFC, the latter said on Tuesday.

-Deutsche, JPMorgan, RBS among arrangers of CFC's USD300m notes sale

28, 2018, capital markets funding (collateral trust bonds, non-member commercial paper and medium-term notes; and subordinated deferrable debt) represented 51.1% of total funding, compared to roughly 80% in FY04.

Fitch Affirms National Rural Utilities Cooperative Finance Corporation at 'A'; Outlook Stable

15 February 2011 - Deutsche Bank (ETR:DBK), JP Morgan (NYSE:JPM) and Royal Bank of Scotland (LON:RBS) served as active book-runners for National Rural Utilities Cooperative Finance Corp's issue of USD300m (EUR222m) collateral trust bonds, IFR, a Thomson Reuters service, reported.

-Deutsche, JP Morgan, RBS handle National Rural Utilities Cooperative Finance Corp debt issue