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- Topic: bond: call vs refund
| Author | Topic: bond: call vs refund |
|---|---|
| firestarter @2015-04-11 14:10:48 |
What's the difference between refunding and call? How can a bond be nonrefundable but callable? |
| inzaghi @2015-04-19 07:16:52 |
A bond can be called by the issuer based upon the call provisions in the indenture but may not be refunded by issuin debt at a lower rate than the current issue as per the debt covenant. |
CFA Discussion Topic: bond: call vs refund
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