Refunding is the process of redeeming or retiring an outstanding bond issue at maturity by using the proceeds from the new debt issue. The new issue is always issued at a lower interest rate than the refunded issue, guaranteeing a significant reduction in the interest expense for the issuer.
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|04:00||Fixed Asset Investment||Apr|
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|08:00||Prelim Machine Tool Orders||Apr|
|11:00||European Commission Economic Forecasts|