Corporate Debt Issues
These are obligations that are issued by Private Corporations for the purpose of funding specific projects such as capital expenditures or for re-financing purposes.
- Corporate Bonds – are publicly–issued debt securities that constitute the direct, unconditional and unsubordinated obligations of an issuing corporation. Corporate bonds may either be secured or unsecured. Such debt securities are issued by private companies to fund their capital expenditure or expansion activities, among others.
- Corporate Notes – are debt securities issued by private corporations but are limited for distribution to a maximum of nineteen (19) Primary Institutional Lenders (PILs) as defined by the Securities and Exchange Commission.