
Get Nj Refunding Bond And Release
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An example of a refunded bond would be when a municipality issues a new bond to replace an older bond that has a higher interest rate. For instance, if a city had a bond issued at 5% interest, but current rates drop to 3%, the city can issue a NJ Refunding Bond and Release to provide savings by refinancing. This enables local governments to reduce their long-term debt obligations efficiently.
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