Senior refunding

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.

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Advance refunding

Advance 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 refunding

High coupon bond refunding
../../finance-glossary/ a high-coupon bond with a new, lower-coupon bond.

Junior refunding

Junior 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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Senior refunding
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