What is another word for refunding bond?
Pronunciation: [ɹɪfˈʌndɪŋ bˈɒnd] (IPA) 
A refunding bond is a type of bond issued by an organization to refinance its existing debt obligations. Some common synonyms for this term include refinancing bond, debt refunding bond, and renewal bond. These bonds are often used by organizations to take advantage of lower interest rates to reduce the cost of their borrowing. Other synonyms that are commonly used include debt restructuring bond, refinancing securities, and debt rescheduling bond. No matter what the term used, the basic idea behind a refunding bond is to reduce interest costs to free up capital for other operating expenses or investment opportunities.
