Current Refunding

A Refunding in which all Refunded Bonds are redeemed within ninety days of the issuance of the Refunding Bonds.

See Also


A transaction in which refunding bonds are issued and their proceeds are used to pay off outstanding bonds.

Advance Refunding

A type of refunding transaction in which the refunding bonds are issued more than 90 days before the redemption or final maturity, whichever is earlier, of the refunded bonds.

Hudson Yards Rail Yards

Start with the Bond Basics

Negotiated Sale

The sale of a new issue of bonds by an issuer through an exclusive agreement with an underwriter or underwriting syndicate selected by the issuer.