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Funding |
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FundingUsed to describe the refinancing of a debt prior to its maturity (the same as refunding). In corporate finance refers to the floating of bonds to raise finance and levels of capital. See also: refunding.Funding Similar MatchesNet advantage of refundingNet advantage of refundingThe net present value of the savings from a refunding. Resolution Funding Corporation (RefCorp)Resolution Funding Corporation (RefCorp)A government agency established by Congress in 1989 to issue bailout bonds and raise funds for the activities of the Resolution Trust Corporation, as well as to administer struggling institutions inherited from the disbanded Federal Savings and Loan Corporation. Advance refundingAdvance refundingIn the context of municipal bonds, refers to the sale of new bonds (the refunding issue) before the first call date of old bonds (the issue to be refunded). The refunding issue usually specifies a rate lower than the issue to be refunded, and the proceeds are invested, usually in government securities, until the higher-rate bonds become callable. See: Refunding escrow deposits. Low coupon bond refundingLow coupon bond refundingRefunding of a low-coupon bond with a new, higher-coupon bond. Stopping curve refunding rateStopping curve refunding rateA refunding rate that falls on the stopping curve. Further SuggestionsRefundingPrivate Export Funding Corporation (PEFCO) Evergreen funding minimum funding requirement Junior refunding Prerefunding Funding risk High coupon bond refunding Equity funding Senior refunding |
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