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Pre-Refunded Bond

A bond which is mainly issued to refinance previously issued bonds that carry higher coupons than current market. A pre-refunded...

Pre-Refunding Bond

A bond which is mainly issued to refinance previously issued bonds that carry higher coupons than current market. A pre-refunding...

Escrowed Bond

A bond which is mainly issued to refinance previously issued bonds that carry higher coupons than current market. An escrowed...