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Refunding
(redirected from Bond refunding)

    Also found in: Legal, Wikipedia 0.04 sec.
Refunding
Retiring an outstanding bond issue at maturity by using money from the sale of a new offering.

Notes:
In other words, issuing more bonds to pay off the old bonds that just matured.

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.
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The Metropolitan Transportation Authority board on Monday approved a $9 million settlement with a company accused of overcharging the agency in a 1993 bond refunding transaction.
BRIEFLY : TWO SHOT TO DEATH; POLICE HOLD SUSPECT by Daily News (Los Angeles, CA)
In its letter, Bank of America asked the commissioners to sell the bond refunding by competitive bid, instead of by negotiated bid.
Flap develops over who will sell convention center bonds: BofA backs ... by Vrana, Debora / Los Angeles Business Journal
8 million in cashflow savings resulting from the bond refunding through fiscal 2012.
Fitch Rates Anaheim Public Financing Authority, California $260.3MM ... by Business Wire
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