Refunding

(redirected from Bond refunding)
Also found in: Legal.

Refunding

Redeeming a bond with proceeds received from issuing lower-cost debt obligations with ranking equal to or superior to the debt to be redeemed.

Refunding

The act or practice in which a company repays a bond by making a new issue of another bond. That is, a company refunds a bond when it borrows more money to repay the money it already owes to bondholders. One may think of refunding as the company refinancing a bond.
References in periodicals archive ?
Exhibit 2: DeKalb County's Bond Ratings General Obligation Existing 2013 Issue Moody's Investors Service Aa3/Neg Aa3/Stable Fitch Ratings AA-/Stable Water and Sewer Existing 2013 Issue Standards & Poor's AA-/A+ AA-/A+ Moody's Investors Service Aa3/Stable Aa3/Stable Fitch Ratings AA-/Stable Exhibit 3: Final Results of DeKalb County's Bond Refunding Issuing Entity Refunding Par Realized NPV Savings DeKalb County $52,445 million $5,214,246 General Obligation 9.