New Hampshire Order Refunding Bond is a financial instrument issued by the state of New Hampshire to refund outstanding debt obligations and reduce borrowing costs. It serves as a way for the state to achieve savings by refinancing existing high-interest debt with lower interest rates. These bonds are highly beneficial as they enable New Hampshire to take advantage of favorable market conditions by replacing older bonds with less expensive ones. The funds raised through the sale of refunding bonds are primarily used to retire the existing debt and repay the original bondholders. The New Hampshire Order Refunding Bond comes in various types, each with its own unique characteristics and purposes. Some common types include: 1. General obligation refunding bonds: These refunding bonds are backed by the full faith and credit of the state, which means they are secured by the state's taxing power and are typically issued to refund general obligation debt. 2. Revenue refunding bonds: These bonds are repaid using specific revenue sources, such as tolls, fees, or dedicated taxes. They are often issued to refund revenue bonds that were initially issued to finance infrastructure projects or public facilities. 3. Infrastructure refunding bonds: New Hampshire may issue infrastructure refunding bonds to refinance existing debt related to infrastructure projects like roads, bridges, and utilities. These bonds are typically supported by the revenues generated from the specific infrastructure project. 4. School refunding bonds: New Hampshire may issue school refunding bonds to refund existing debt associated with school district projects or improvements. These bonds are often repaid using dedicated revenue streams, such as property taxes or state aid specifically allocated for education. By utilizing these different types of New Hampshire Order Refunding Bonds, the state can strategically manage its debt obligations, lower borrowing costs, and maximize savings. It demonstrates the state's commitment to prudent financial management while ensuring the efficient use of taxpayer dollars. Investors looking for safe and reliable investment opportunities can consider investing in New Hampshire Order Refunding Bonds. These bonds offer attractive yields while providing essential support to the state's infrastructure, education, and general operations. With their sound creditworthiness and regular interest payments, these bonds can be a dependable addition to any investment portfolio.