A corporate bond is a bond issued by a corporation in order to raise financing for itself to use for a variety of reasons such as to fund ongoing operations, to invest in new infrastructure, or to expand its business in other ways. In the case of Worthy, instead of using the bond proceeds for our own financing, we lend out the majority of the proceeds to fund asset-backed loans to growing American businesses.

Written by Andrei Popovici
Updated over a week ago