Tender Refunding of Municipal Bonds

Debt Management

Tender Refunding of Municipal Bonds

GFOA recommends that organizations pursuing tender refunding of municipal bonds establish policies and procedures around the tender refunding transaction that include specific guidance on articulating the intended goals, picking a financing team, calculating attributable costs, ensuring a clear understanding of fair pricing and determination of goal attainment.

Committees: Governmental Debt Management (DEBT)

Board approval date: Thursday, June 26, 2025

Additional Resources

  • Best Practices in Debt Issuance and Management

    More info
  • GFOA's Best Practices Forum

    More info
  • Refunding Municipal Bonds

    More info
  • Understanding Your Continuing Disclosure Responsibilities

    More info