Optimal bond refunding strategies

Wilbur G Lewellen, Ahron Rosenfeld

Research output: Contribution to journalArticlepeer-review

3 Scopus citations


An extension of the conceptual framework for assessing the desirability of a bond refunding operation is presented. The analysis indicates an expanded set of opportunities for enhancing shareholder wealth that may involve actions other
than an immediate call of existing debt, even though the latter appears worthwhile. Conditions that specify the optimal timing of a call are derived.
Original languageEnglish
Pages (from-to)243-250
Number of pages8
JournalManagerial and Decision Economics
Issue number3
StatePublished - 1987

ASJC Scopus subject areas

  • Business and International Management
  • Strategy and Management
  • Management Science and Operations Research
  • Management of Technology and Innovation


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