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

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

Related Terms:
Bond
Corporate Refinancing
Maturity
Refinance
Refunded Bond

• Interest Rate Swap
• Interest Sensitive Stock
• Interim Dividend
• Intermarket Analysis
• Intermarket Sector Spread
• Intermarket Spread
• Intermarket Spread Swap
• Intermediate/Medium-Term Debt
• Internal Audit
• Internal Auditor
• Internal Controls
• Internal Growth Rate
• Internalization
• Internal Rate Of Return (IRR)
• Internal Rate Of Return (IRR)
• Internal Revenue Service (IRS)
• Internal Revenue Service (IRS)
• International Accounting Standards (IAS)
• International Accounting Standards (IAS)
• International Association of Financial Engineers (IAFE)
• International Association of Financial Engineers (IAFE)
• International Bank Account Number (IBAN)
• International Bank Account Number (IBAN)
• International Banking Facility (IBF)
• International Banking Facility (IBF)