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Refunded Bond

The following information is about Refunded Bond.

Refunded Bond Defined

Also called a prerefunded bond, a bond that originally may have been issued as a general obligation or revenue bond but that is now secured by an escrow fund consisting entirely of direct U.S. government obligations that are sufficient for paying the bondholders.

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Fitch Rates Florida Municipal Power Agency's $557MM ARP Revs 'A+'

Published August 14, 2008, 3:44 pm, Centre Daily Times

Fitch Ratings has assigned an 'A+' underlying rating to the following issues for the Florida Municipal Power Agency (FMPA) (totalling $557 million):

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