Refinancing(See Chapters 21 and 22 of the Vernimmen)
A "refinancing" for a loan (and a "refunding" for a bond) describes a process whereby a borrower (issuer) refinances all or part of its then outstanding loan (bond) arrangements (I.e. enters into new funding arrangements or simply "roll-over" existing ones).
Refinancing(See Chapters 21 and 22 of the Vernimmen)
A "refinancing" for a loan (and a "refunding" for a bond) describes a process whereby a borrower (issuer) refinances all or part of its then outstanding loan (bond) arrangements (I.e. enters into new funding arrangements or simply "roll-over" existing ones).
Refinancing(See Chapters 21 and 22 of the Vernimmen)
A "refinancing" for a loan (and a "refunding" for a bond) describes a process whereby a borrower (issuer) refinances all or part of its then outstanding loan (bond) arrangements (I.e. enters into new funding arrangements or simply "roll-over" existing ones).
