Junior refunding

Junior refunding

Issuing of new securities to refinance government debt that matures in one to five years.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Junior Refunding

The refinancing of a government's debt by issuing new debt securities, such as Treasuries, with a maturity in the short or medium term.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Full browser ?