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Glossary > R > "Refunding" Definition

Refunding

The redemption of a bond with proceeds received from issuing lower-cost debt obligations with ranking equal to or superior to the debt to be redeemed.

Retiring an outstanding bond issue at maturity by using money from the sale of a new offering.

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Refunding - The redemption of a bond with proceeds received from issuing lower-cost debt obligations with ranking equal to or superior to the debt to be redeemed.

Retiring an outstanding bond issue at maturity by using money from the sale of a new offering.

Refunding : the redemption of a bond with proceeds received from issuing lower-cost debt obligations with ranking equal to or superior to the debt to be redeemed.

retiring an outstanding bond issue at maturity by using money from the sale of a new offering.