Examples of Advance Refunding Issue in a sentence
Advance Refunding Issue A refunding issue that is issuedmore than 90 days before thefinal payment of principal or interest (redemption) on the prior issue.
The proceeds of this bond issue (along with a $173,966 reoffering premium) were placed into a trust with a third party bank and were used to call and retire the remaining outstanding bonds from the 2005 Advance Refunding Issue, with an outstanding principal balance of$3,530,000 at that time.
The proceeds of this bond issue (along with a $173,966 reoffering premium) were placed into a trust with a third party bank and will be used to call and retire the remaining outstanding bonds from the 2005 Advance Refunding Issue, with an outstanding principal balance of $3,530,000 as of June 30, 2015.