Low-coupon bond refunding

Refunding of a low-coupon bond with a new, higher-coupon bond.

Low-Coupon Bond Refunding

The act of an issuer redeeming a bond with a low coupon and replacing it with a bond with a higher coupon. For example, one may wish to give a company back a bond, receive the principal amount, and buy a bond with a higher interest rate in order to receive a greater return. It is important to note that not all bond indentures allow such premature redemption.

单词	low-coupon bond refunding
释义	Low-coupon bond refunding Low-coupon bond refunding Refunding of a low-coupon bond with a new, higher-coupon bond. Low-Coupon Bond Refunding The act of an issuer redeeming a bond with a low coupon and replacing it with a bond with a higher coupon. For example, one may wish to give a company back a bond, receive the principal amount, and buy a bond with a higher interest rate in order to receive a greater return. It is important to note that not all bond indentures allow such premature redemption.
随便看	tangent surface tangent tangent radius tangent-to-curve point tangent to spiral tangent (trigonometric function) tangent (trigonometry) tangent vector tangent vector bundle tangent vectors tangent welding tangent wheel tanger tangere tangeretin tangerine tangerine juice tangerinely tangerine oil tangerine, orange, banana, orange, regulator tangerine peel tangerines tangerine tree tangfish tanggula shan tanghin