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Definition of 'Refunded Bond'
Bonds that have their principle cash amount already held aside by the original issuer of the debt. A subset of the municipal and corporate bond classes, the funds required to pay off refunded bonds are held in escrow until the maturity date, usually by purchasing Treasury or agency paper.
Also known as "prerefunded bonds".
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Investopedia explains 'Refunded Bond'
Refunded bonds will typically be 'AAA' rated due to the cash backing and, as such, will offer little premium to equivalent-term Treasuries. The date of refunding will usually be the first callable date of the bonds.
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Search results for 'Refunded Bond'
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http://www.investopedia.com/articles/bonds/10/when-your-bond-comes-calling.asp
... lost from a bond call. A conservative investor who is called out of a CD or agency
issue might consider moving a portion of the principal refunded into a ...
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http://www.investopedia.com/exam-guide/series-7/municipal-securities/special-munis.asp
... Taxable bond: Because the federal government will not subsidize activities that ... Building
new stadiums, refunding a refunded issue and replenishing a municipal ...
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http://www.investopedia.com/exam-guide/cfa-level-1/fixed-income-investments/bond-redemption-provisions.asp
... 13.13 Technical Analysis; 13.14 Using Price Multiples. 14. Fixed Income Investments:
14.1 Introduction; 14.2 Bond Features; 14.3 Basic Coupon Structures; ...
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http://stocks.investopedia.com/stock-analysis/2008/The_Stealth_Wealth_In_Municipal_Bonds.aspx
... Federal Reserve and US Treasury - similar to five-year pre-refunded municipals,
which ... (To learn more, read Fatal Seduction Of The Municipal Bond Insurers and ...
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http://www.investopedia.com/exam-guide/cfa-level-1/fixed-income-investments/refunding.asp
... Guide. Learn the various ways a bond can be refunded. Shows how prepayments
and a sinking fund provision can retire a bond early. ...
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http://www.investopedia.com/university/futures/futures4.asp
... When your contract is liquidated, you will be refunded the initial margin plus or ...
Bloomberg was originally designed as a tool for bond traders, and as such ...
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