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Consolidated Bond

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Consolidated Bond
A bond that pays off two or more outstanding bonds. A consolidated bond can come with a lower combined coupon rate that helps the issuer reduce its liabilities. See also: Consolidation loan, Refinancing.

consolidated bond
A single bond issue used to replace two or more outstanding issues.


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Enemies have always sought to overthrow the Islamic ruling system, but their conspiracies have proved counterproductive and further consolidated bonds of unity among the people," Najjar said Sunday night.
It hedged the then-current interest rates through the short sale of Treasury and municipal futures contracts in anticipation of a bond sale six months later, which would refund the $100 million 10 1/4 percent consolidated bonds, 49th series.
Consolidated bonds and notes are secured by net revenues of the authority and a pledge of the general reserve and consolidated bond reserve funds.
 
 
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