Interest Costs

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August 25, 2024 4 min read Definitions
Senior Refunding: Replacement of Securities with Longer Maturities
Finance Investments Senior Refunding Bonds Debt Management Interest Costs Maturity Extension
Senior refunding involves replacing securities maturing in 5 to 12 years with new issues having original maturities of 15 years or longer. This process helps reduce interest costs, consolidate issues, or extend maturity dates.
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