junior refunding

junior refunding: фин., амер. рефинансирование за счет краткосрочных ценных бумаг, младшее рефинансирование* (замещение государственных облигаций со сроками 1-5 лет новыми ценными бумагами со сроком погашения 5 лет и более)

Ant:

adult jail, reformatory

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"младшее" рефинансирование: рефинансирование гособлигаций со сроками 1-5 лет более долгосрочными ценными бумагами; см. senior refunding.
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рефинансирование более долгосрочными ценными бумагами

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junior refunding — Issuing of new securities to refinance government debt that matures in one to five years. Bloomberg Financial Dictionary … Financial and business terms
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