Junior Refunding

Business / Finance / Junior Refunding: Issuing of new securities to refinance government debt that matures in one to five years.

Other Words for Junior

Junior Noun Synonyms: secondary, lesser, lower, minor, subordinate, inferior, younger
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Refunding

Business / Finance / Refunding: Redeeming a bond with proceeds received from issuing lower-cost debt obligations with ranking equal to or superior to the debt to be redeemed. MORE

Prerefunding

Business / Finance / Prerefunding: Procedure of floating a second bond at a lower interest rate in order to pay off the first bond at the first call date and to reduce overall borrowing costs. MORE

Net Advantage Of Refunding

Business / Finance / Net Advantage Of Refunding: The net present value of the savings from a refunding. MORE

Refunding Escrow Deposits (Reds)

Business / Finance / Refunding Escrow Deposits (Reds): A financial instrument involving a forward purchase contract that obligates investors to buy bonds at a certain rate when issued. The future date coincides with the first optional call date on an exis MORE

Senior Refunding

Business / Finance / Senior Refunding: Replacement by the issuer of securities with 5-to 12-year maturities with securities of 15-year or longer maturities, in order to delay, reduce, or consolidate payment. MORE

Subordinated Debt (Junior Debt)

Business / Loan / Subordinated Debt (Junior Debt): Debt over which senior debt takes priority. In the event of bankruptcy, subordinated debt-holders receive payment only after senior debt is paid in full. A subordination of security interest in proper MORE

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