|
|
Refunding |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
RefundingRedeeming a bond with proceeds received from issuing lower-cost debt obligations with ranking equal to or superior to the debt to be redeemed.Refunding Similar MatchesHigh coupon bond refundingHigh coupon bond refunding../../finance-glossary/ a high-coupon bond with a new, lower-coupon bond. 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. 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. Stopping curve refunding rateStopping curve refunding rateA refunding rate that falls on the stopping curve. Further SuggestionsLow coupon bond refundingNet advantage of refunding Advance refunding |
|
|
|