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 ?
Briggs School District (CA), $2,550,000 general obligation refunding bonds, series 2007 (insured: FSA)
Burr Ridge Park District (IL), $1,320,000 general obligation refunding park bonds, series 2006B (insured: FSA)
Brookville Local School District (OH), $18,504,985 general obligation school improvement refunding bonds, series 2006 (insured: FSA)
1 (WA), $65,855,000 elect revenue refunding bonds, series 2006 (insured: Financial Guaranty Insurance Company)
79,855,000 health facilities revenue refunding bonds, series 1996A (insured: MBIA);
13,125,000 Michigan State Hospital Finance Authority variable-rate refunding revenue bonds (Trinity Health Credit Group), series 2003B (Ambac insured) 'AA';
Hopatcong (NJ), $17,060,000 sewer refunding bonds, series 2006 (insured: by Ambac Assurance Corp.
Berens, CPA, of the Berens-Tate Consulting Group, verified the mathematical accuracy of debt service computations on the refunded bonds and income from the escrowed funds and securities pledged to those bonds, contained in schedules provided to them by Ziegler Capital Markets Group, underwriter for the refunding bonds.
verified the mathematical accuracy of debt service computations on the advance refunded bonds and income from the escrowed funds and securities pledged to those bonds, contained in schedules provided to them by Citigroup, underwriter for the refunding bonds.
Behrens, CPA verified the mathematical accuracy of computations of the receipts from escrow investments and debt service requirements of refunded bonds, contained in schedules provided to them by Ziegler Capital Markets, underwriter for the refunding bonds.
Behrens, CPA verified the mathematical accuracy of computations of the receipts from escrowed funds and investments and debt service requirements of refunded bonds, contained in schedules provided to them by Ziegler Capital Markets Group, underwriter for the refunding bonds.
NEW YORK -- Fitch Ratings assigns a rating of 'AAApre' to the City of Fenton, Missouri's tax increment and improvement refunding and improvement revenue bonds (Gravois Bluffs Redevelopment Project), consisting of the following: