debt refunding

См. также в других словарях:

• refunding escrow deposits — ( REDs) Financial instruments similar to pre refunding bonds. Tax law changes in 1984 restricted tax exempt pre refundings for certain types of municipal debt including airport and convention center related debt. To circumvent those restrictions …   Financial and business terms

• refunding — index compensatory Burton s Legal Thesaurus. William C. Burton. 2006 refunding …   Law dictionary

• Refunding — occurs when an entity that has issued callable bonds calls those debt securities from the debt holders with the express purpose of reissuing new debt at a lower coupon rate. In essence, the issue of new, lower interest debt allows the company to… …   Wikipedia

• Refunding — The redemption of a bond with proceeds received from issuing lower cost debt obligations ranking equal to or superior to the debt to be redeemed. The New York Times Financial Glossary * * * refunding re‧fund‧ing [riːˈfʌndɪŋ] noun [countable,… …   Financial and business terms

• refunding — The replacement of existing securities using funds obtained from the issuance of new securities. American Banker Glossary redeeming a bond with proceeds received from issuing ( issue) lower cost debt obligations with ranking equal to or superior… …   Financial and business terms

• Refunding — The process of retiring or redeeming an outstanding bond issue at maturity by using the proceeds from a new debt issue. The new issue is almost always issued at a lower rate of interest than the refunded issue, ensuring significant reduction in… …   Investment dictionary

• Refunding Escrow Deposits - REDs — A type of forward financial contract that creates an obligation for its investors to purchase a particular bond issue at a specified yield at some date in the future. The money from investors is held in escrow and is used to purchase interest… …   Investment dictionary

• Refunding —   Retirement of one security issue with proceeds received from selling another. Refunding provides for retiring maturing debt by taking advantage of favorable money market conditions.   U.S. Dept. of Energy, Energy Information Administration s… …   Energy terms

• refunding — /ri: fʌndɪŋ/ noun the process, on the part of a government, of funding a debt again, by issuing new stock to replace stock which is about to mature …   Dictionary of banking and finance

• Crossover Refunding — A local government s issuance of new municipal bonds (called refunding bonds) in which the proceeds of the refunding bonds are placed in escrow and used to make debt service payments on the refunding bonds until the call date of the original… …   Investment dictionary

• Advance Refunding — 1. A bond issuance used to pay off another outstanding bond. The new bond will often be issued at a lower rate than the older outstanding bond. 2. A bond issuance in which new bonds are sold at a lower rate than outstanding ones. The proceeds are …   Investment dictionary