secured and guaranteed notes

13:13 Apr 4, 2018
English to Spanish translations [PRO]
Bus/Financial - Finance (general)
English term or phrase: secured and guaranteed notes
El título del documento donde aparece esto es LISTING PARITICULARS, es para una empresa de España, y dice así:

"The Notes constitute direct, secured and unconditional obligations of the Issuer, secured in the manner described in Condition 4 (Security) ...

4 Security
4.1 Grant of Security: The Noteholders’ Representative and the Noteholders will share in the benefit of
the Security. The Security is granted by the Issuer under the Share Pledge Agreement in favour of
the Noteholders’ Representative, for and on behalf of itself and the Noteholders on the terms of the
Agency Deed, as security for the Secured Liabilities.
4.2 Share Pledge: The Security comprises of a share pledge over all the rights, title and interest from
time to time over all the shares in the share capital of the Issuer held by XXXXXXX. ...

The Issuer reserves the right ... to issue additional notes either with identical terms and conditions as the Notes in all respects ... and secured by the Security and guaranteed by the Guarantee to be consolidated ...

Guarantee: the repayment guarantee issued by the Guarantor on behalf of the Issuer as customer, directly
to the Noteholders’ Representative as beneficiary for and on behalf of each of the Noteholders on terms
agreed directly with the Guarantor, guaranteeing all present and future payment obligations and liabilities
of the Issuer due, owing or incurred under the Notes to the Noteholders; together with the Underlying
Reinsurance Cover."

He encontrado estas definiciones:
A secured bond is a type of bond that is secured by the issuer's pledge of a specific asset, which is a form of collateral on the loan. In the event of a default, the bond issuer passes title of the asset onto the bondholders. Secured bonds can also be secured with a revenue stream that comes from the project that the bond issue was used to finance.

Guaranteed bond: debt security that offers a secondary guarantee that interest and principal payment will be made by a third party, should the issuer default due to reasons such as insolvency or bankruptcy: bono u obligación emitidos por una sociedad comercial y respaldados por otra sociedad distinta de la emisora por medio de una garantía en forma de endoso de cada bono u obligación o mediante un contrato con la sociedad emisora o con los acreedores de esta.

Además, según Abiud Ramos Ramos, un secured bond es un "bono garantizado con activos o propiedades por la corporación que le emite".

¿Podría ser pagarés garantizados con activos propios y con garantía de pago/fianza de pago/seguro de caución ???
pagarés con garantía colateral y con garantía de pago/fianza de pago/seguro de ????
pagarés garantizados con garantía prendaria y con garantía de pago/fianza de pago/seguro de caución ???

Muchas gracias de antemano
Elena Valdehita
Spain
Local time: 09:08



  

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