AuthorTopic: bond: call vs refund
@2015-04-11 14:10:48
What's the difference between refunding and call?

How can a bond be nonrefundable but callable?
@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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