The Obligor, who may issue Bonds in accordance with this Module, may apply to the Authority for approving the issue of Bonds in accordance with this Module through a Special Purpose Vehicle Company formed for this purpose in specific, where such Bonds are secured by a joint guarantee issued by the Obligor or third party to insure the fulfilment of the obligations arising from the Bonds in their due dates. Bonds issued may also be guaranteed by assets transferred by the Obligor or third party to the Special Purpose Vehicle Company and meant to insure the fulfilment of the Bonds, the Obligor or third party may pledge some assets or obtain bank guarantee to secure Bonds or the Obligor may offer all or some of these Securities.