What is a refunding bond? [1]
A refunding bond is a bond issued to retire existing bonds, typically done to achieve cost savings by replacing existing higher interest bonds with new lower interest bonds.
FAQ Set:
A refunding bond is a bond issued to retire existing bonds, typically done to achieve cost savings by replacing existing higher interest bonds with new lower interest bonds.
Links
[1] https://busfin.osu.edu/faq/what-refunding-bond
[2] https://busfin.osu.edu/faq-set/debt-management-general