Dictionary of Business Terms: senior refunding
senior refunding
replacement of securities maturing in 5 to 12 years with issues having original maturities of 15 years or longer. The objectives may be to reduce the bond issuer's interest costs, to consolidate several issues into one, or to extend the maturity date.
Dictionary of Finance and Investment Terms: senior refunding
senior refunding
replacement of securities maturing in 5 to 12 years with issues having original maturities of 15 years or longer. The objectives may be to reduce the bond issuer's interest costs, to consolidate several issues into one, or to extend the maturity date.
