Refunding
A transaction in which refunding bonds are issued and their proceeds are used to pay off outstanding bonds.
bond-basics
Refunded Bond
Outstanding Bonds which are paid off with all or a portion of the proceeds of Refunding Bonds.
See Also
In Contrast With
Refunding Bond
Bonds issued in a refunding to pay off the refunded bonds.
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Electronic Municipal Market Access (“EMMA”)
A website, operated by the MSRB, designated by the SEC as the official source for municipal securities data (including disclosures made pursuant to a continuing disclosure undertaking) and offering documents.