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Senior refunding |
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Senior 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.Senior refunding Similar MatchesJunior refundingJunior refundingIssuing of new securities to refinance government debt that matures in one to five years. Net advantage of refundingNet advantage of refundingThe net present value of the savings from a refunding. High 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. Stopping curve refunding rateStopping curve refunding rateA refunding rate that falls on the stopping curve. Further SuggestionsRefundingLow coupon bond refunding Advance refunding |
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