Examples of Refunding Bond in a sentence
The District issued the bonds to advance refund the remaining $705,000 of the outstanding 2002 Building and Site Bond Issue with an interest rate of 3.90% and the remaining $6,385,000 of the outstanding 2004 Refunding Bond Issue with an interest rate ranging from 3.80% to 4.50%.
In addition, the bond proceeds from the General Obligation Crossover Refunding bonds of 2017B are used to refund a portion of the General Obligation School Building Refunding Bond, Series 2014A on the call date of February 1, 2023.
Restricted cash balances of the District’s funds are holding bond proceeds from the General Obligation Crossover Refunding Bonds of 2016A and are to be used to refund a portion of the General Obligation School Building Refunding Bond, Series 2014A on the call date of February 1, 2023.
The issuance of the Refunding Bonds will not exceed the Refunding Bond Amount Limitation.