bond-basics

Current Refunding

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

See Also

Refunding

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

Loan Agreement

In a private placement, the agreement between the issuer and a lender (e.g., a bank) pertaining to the loan of the bond proceeds to the issuer. In conduit financings, the agreement between the borrower  and the issuer pertaining to the loan of the bond proceeds to the borrower.