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Refunding

What Does Refunding Mean?
Retiring an outstanding bond issue at maturity by using money from the sale of a new offering.

Investopedia explains Refunding
In other words, issuing more bonds to pay off the old bonds that just matured.

Related Terms

Bond
Corporate Refinancing
Maturity
Refinance
Refunded Bond
More Related Terms

Related Links

Advanced Bond Concepts - Learn the complex concepts and calculations for trading bonds including bond pricing, yield, term structure of interest rates and duration.
Bond Basics Tutorial - Investing in bonds - What are they, and do they belong in your portfolio?
Corporate Bonds: An Introduction To Credit Risk - Corporate bonds offer higher yields, but it's important to evaluate the extra risk involved before you buy.

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