Refunding


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Related to Refunding: Advance refunding, Refunding Bonds

Refunding

Reimbursing funds in restitution or repayment. The process of refinancing or borrowing money, ordinarily through the sale of bonds, to pay off an existing debt with the proceeds derived therefrom.

See: compensatory
References in periodicals archive ?
The rating withdrawal is in conjunction with the partial refunding of the above-referenced bonds.
Arapahoe County Water and Wastewater Authority (CO), $22,940,000 water & wastewater revenue refunding bonds, series 2006 (insured: FSA)
Birmingham (AL), $64,320,000 general obligation refunding bonds, series 2006-B (insured: MBIA Insurance Corp.
Burlington Area School District (WI), $3,610,000 general obligation refunding bonds, (insured: XL Capital Assurance Inc.
52,800,000 health facilities revenue refunding auction-rate securities series 2004D (insured: AMBAC);
42,415,000 Michigan State Hospital Finance Authority fixed-rate refunding bonds (Trinity Health Credit Group), Series 2005D 'AA';
verified the mathematical accuracy of computations of the sufficiency of receipts from the escrowed funds and securities to meet the debt service requirements of the refunded bonds, provided to them by UBS Investment Bank, underwriter for the refunding bonds.
The bonds were refunded on August 31, 2006 with proceeds of The Economic Development Corporation of the City of Kentwood's Variable Rate Demand Limited Obligation Refunding Revenue Bonds, Series 2006B (Holland Home Obligated Group) and funds previously securing the refunded bonds as well as an equity contribution from Holland Home.
14, 2006 with proceeds of the County's revenue refunding bonds (Ridgecrest Village) series 2006 and funds previously securing the refunded bonds.
Canterberry Crossing Metropolitan District (CO), $11,780,000 GO refunding bonds series 2006 (insured: MBIA Insurance Corp.
68,220,000 Series 1998B, maturing April 1, 2012 (partial refunding of 5.
Amtec and Ross & Company, PLLC (collectively, the verification agent) verified the mathematical accuracy of debt service computations on the refunded bonds and income from the escrowed funds and securities, contained in schedules provided to them by the Ziegler Capital Markets Group, underwriter for the refunding bonds.