The article may contain affiliate links from partners. The words, opinions, and reviews are our own. Learn how we make money to support our financial wellness mission.
When additional amounts of previously issued securities are issued again rather than selling new issues of those securities. The reopened securities have the same maturity date and interest rate; however, as compared to the original securities, the reopened securities have a different issue date (which creates a shorter overall term), and usually, a different purchase price.