Refunding


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Related to Refunding: Advance refunding, Refunding Bonds

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 ?
Dumas (AR), $7,470,000 sales & use tax refunding & improvement bonds, series 2006B (insured: Ambac Assurance Corp.
Dumas (AR), $730,000 sales & use tax refunding & improvement bonds, series 2006A (insured: Ambac Assurance Corp.
Hamilton (AL), $5,565,000 general obligation refunding warrants series 2006 (insured: XL Capital Assurance Inc.
IN), $57,235,000 1st mortgage refunding bonds, series 2006B (insured: FSA)
Grandville (MI), $3,545,000 sanitary sewer system revenue refunding bonds, series 2006 (insured: FSA)
Gresham (OR), $2,850,000 storm water revenue refunding bonds, series 2006 (insured: XL Capital Assurance Inc.
Lakeview School District (MI), $9,545,000 general obligation refunding bonds, series 2006 (insured: FSA)
194 (MN), $41,885,000 general obligation school building refunding bonds, series 2006D (insured: MBIA Insurance Corp.
17,300,000 Iowa Finance Authority variable-rate refunding revenue bonds (Trinity Health Credit Group), series 2003D 'AA';
30,225,000 Maryland Industrial Development Financing Authority variable-rate refunding revenue bonds (Trinity Health Credit Group), series 2003F 'AA';
Hopatcong (NJ), $3,865,000 gen refunding bonds, series 2006 (insured: Ambac Assurance Corp.
Iowa Board of Regents (IA), $9,200,000 (Iowa State University of Science & Technology) dormitory revenue refunding bonds, series 2006A (insured: Ambac Assurance Corp.