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Refunding |
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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 MatchesPrerefundingPrerefundingProcedure 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. Stopping curve refunding rateStopping curve refunding rateA refunding rate that falls on the stopping curve. Net advantage of refundingNet advantage of refundingThe net present value of the savings from a refunding. Junior refundingJunior refundingIssuing of new securities to refinance government debt that matures in one to five years. High coupon bond refundingHigh coupon bond refunding../../finance-glossary/ a high-coupon bond with a new, lower-coupon bond. Further SuggestionsAdvance refundingSenior refunding Low coupon bond refunding |
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