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 date of a bond issue from which interest begins to accrue, typically the date of the closing.