(a) “Debt issuance” refers to a financial obligation that allows the issuer to raise funds by promising to repay the lender at a certain point in the future and in accordance with the terms of the contract. Debt issues include notes, bonds, certificates, leases or other agreements between the issuer (the borrower) and lender. Debt issues, such as bonds, are issued to raise money for certain projects or activities defined at the time the obligation is made. (REG-FIN-FI-2015-002 § II)