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High coupon bond refunding |
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High coupon bond refunding../../finance-glossary/ a high-coupon bond with a new, lower-coupon bond.High coupon bond refunding Similar MatchesSenior refundingSenior refunding../../finance-glossary/ment by the issuer of securities with 5-to 12-year maturities with securities of 15-year or longer maturities, in order to delay, reduce, or consolidate payment. Low coupon bond refundingLow coupon bond refundingRefunding of a low-coupon bond with a new, higher-coupon bond. RefundingRefundingRedeeming a bond with proceeds received from issuing lower-cost debt obligations with ranking equal to or superior to the debt to be redeemed. Stopping curve refunding rateStopping curve refunding rateA refunding rate that falls on the stopping curve. PrerefundingPrerefundingProcedure of floating a second bond at a lower interest rate in order to pay off the first bond at the first call date and to reduce overall borrowing costs. Further SuggestionsJunior refundingNet advantage of refunding Advance refunding |
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