Refunding
A transaction in which refunding bonds are issued and their proceeds are used to pay off outstanding bonds.
Bonds issued in a Refunding. The proceeds of the Refunding Bonds are used to pay off the Refunded Bonds.
See Also
A transaction in which refunding bonds are issued and their proceeds are used to pay off outstanding bonds.
In Contrast With
Outstanding bonds which are paid off with all or a portion of the proceeds of refunding bonds.
A narrative form of, or adjunct to, the closing index describing the participants, their roles in the financing, flow of funds on the date of the closing, closing instructions and the documents for which the transaction participants are responsible.