Series 7 - General Securities Representative Exam
Which of the following describes refunding in a bond issue?
When the issuer issues new bonds with attached warrantsA
When the issuer prefers to write LTGOs versus GOsB
When the issuer pays off old bonds with proceeds from new bondsC
Using IRDBs to offset some of the risk (but not all) of an existing Special Assessment bond issueD
Refunding describes the practice of paying off old bond with proceeds from new bonds