The financial definition for Senior refunding:
../../finance-glossary/ment by the issuer of securities with 5-to 12-year maturities with securities of 15-year or longer maturities, in order to delay, reduce, or consolidate payment.
Advance refundingAdvance refunding
In the context of municipal bonds, refers to the sale of new bonds (the refunding issue) before the first call date of old bonds (the issue to be refunded). The refunding issue usually specifies a rate lower than the issue to be refunded, and the proceeds are invested, usually in government securities, until the higher-rate bonds become callable. See: Refunding escrow deposits.
High coupon bond refundingHigh coupon bond refunding
../../finance-glossary/ a high-coupon bond with a new, lower-coupon bond.
Junior refundingJunior refunding
Issuing of new securities to refinance government debt that matures in one to five years.
Further Suggestions Low coupon bond refunding
Net advantage of refunding
Stopping curve refunding rate
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