Advance Refunding (Bonds)
Advance Refunding is a method for municipal authorities to issue bonds to pay off outstanding bond issues prior to the first call date. The proceeds are usually invested in Government securities which are placed in escrow until the call date of the existing issue when they are retired. This is primarily used to lower the interest cost for an issuer.
Ask Atlantic Financial. Please use the this contact form:
Back to the top of the page for Advance Refunding