DEBT ISSUE

It is an obligation allowing the issuer to raise funds with the promise to repay the lender in a certain point in the future. A fixed corporate or government obligation, such as a bond or debenture. Debt issues include notes, bonds, certificates, mortgages, leases or other agreements between the issuer and lender. Debt issues, such as bonds, are issued by corporations to raise money for certain projects or to expand into new markets; municipalities, states and U.S. and foreign governments issue debt to finance a variety of projects such as social programs or infrastructure plans. The underwriters impose a fee on the issuer.