// definition
Bond reopening
Additional issuance of an existing security
Short definition
An additional issuance of an outstanding bond. For a fixed-rate US Treasury note, the new securities retain the original issue’s CUSIP, coupon and maturity date. They have a different issue date, and the new auction determines their price. Settlement may include accrued interest.
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Knowledge map
Intuition
A new auction adds to an existing security at a price determined in that sale.
Related analyses
Primary sources
- TreasuryDirect, Schedule Of Auction ReopeningsDefinition above the tables: CUSIP, maturity, rate, price and accrued interest.