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Low coupon bond refunding |
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Low coupon bond refundingRefunding of a low-coupon bond with a new, higher-coupon bond.Low coupon bond refunding Similar MatchesNet advantage of refundingNet advantage of refundingThe net present value of the savings from a refunding. Stopping curve refunding rateStopping curve refunding rateA refunding rate that falls on the stopping curve. 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. Junior refundingJunior refundingIssuing of new securities to refinance government debt that matures in one to five years. Senior 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. Further SuggestionsHigh coupon bond refundingRefunding Prerefunding |
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