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08:48 Apr 29, 2000
English to Spanish translations [PRO] Law/Patents
English term or phrase:senior secured bonds
The project is partially financed through an international bond offering of US$.... The closing date for the sale of these 6.95% senior secured bonds due 2012 was ...
Explanation: Hay una diferencia entre "secured bond" = bono hipotecario y "to secure a bond" = garantizar un título o una obligación.
Esta explicación según un material que tengo del FMI. Según otros diccionarios secured bond = título o bono hipotecario.
Rita Damo United Kingdom Native speaker of: Spanish PRO pts in pair: 207
1)obligación garantizada; 2)obligación con garantía
Explanation: obligación garantizada prioritaria,
obligación con garantía prioritaria
Senior in a financial context refers to those obligations which must be fulfilled prior to others being fulfilled. Those bonds would be paid before any other returns on investment are made to holders of stock or bonds.