Refunding
A transaction in which refunding bonds are issued and their proceeds are used to pay off outstanding bonds.
bond-basics
Forward Delivery Bonds
Bonds that are priced on a determined date but are not issued and settled until a date further in the future.
See Also
Start with the Bond Basics
Hundreds of Terms and Concepts
Municipal (Financial) Advisor
A consultant to an issuer (or, in some cases, a borrower) which provides advice with respect to the structure, timing, terms or other similar matters concerning a bond issue.