Refunding Bond
Bonds issued in a refunding to pay off the refunded bonds.
A Bond that gives the bondholder the right to sell, or put, the Bond to the Issuer or some other party, often a remarketing agent, under specific conditions. Put Bonds are ordinarily put to the Issuer or remarketing agent at 100% of the Par Value of the Bonds.

Bonds issued in a refunding to pay off the refunded bonds.