Refunding Bond

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

Refunded Bond

Outstanding bonds which are paid off with all or a portion of the proceeds of refunding bonds.

Hudson Yards Rail Yards

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