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.
The person or entity responsible for maintaining records on behalf of the issuer for the purpose of recording the names of the owners of registered bonds.