FT MarketWatch

Prerefunding

Issuing a longer-maturity bond in Order to pay off an earlier bond (usually prior to ITS maturity), in Order to take advantage of a Drop in Interest rates. also called Advance refunding.

Related Terms: 12 Advance refunding, Advance, Call, Drop, Fund, Interest, Interest rate, ITS, Long, Maturity, Order, Refunding
Other Related Pages: Category: Bonds Starting With: P
Semi Related Terms: 636 CLICK HERE TO VIEW
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