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Refunding
(redirected from Debt refunding)

    Also found in: Legal, Wikipedia 0.01 sec.
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.
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Concluding Remarks In this paper, we examine the tax benefits of several debt refunding mechanisms to be used by firms to refund their debt following a decline in the yield of their bonds.
The tax advantages of refunding debt by calling, repurchasing, and ... by Brick, Ivan E.; Palmon, Oded / Financial Management
A debt refunding undertaken by the county in 2007 restructured both county and improvement authority outstanding debt by changing from declining to level debt service payments over the medium term.
Fitch Affirms Essex County, New Jersey's GOs at 'A'; Outlook Stable by Business Wire
With the improvement in earnings and lower interest expense, the result of debt refunding in recent years, GAAP EBIT fixed-charge coverage improved to 12.
Fitch Affirms Unum Group's Ratings; Outlook Remains Positive by Business Wire
 
 
 
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