Bond put date
The investor's right to present a bond to the issuer for redemption on a set date.
When the metric lies
A missed put date turns a short bond into a long one, often with a new and far smaller coupon.
Also known as: put option on a bond
The investor's right to present a bond to the issuer for redemption on a set date.
A missed put date turns a short bond into a long one, often with a new and far smaller coupon.
Also known as: put option on a bond