Issuer call
The issuer's right to redeem the issue early.
When the metric lies
The issuer exercises it when it suits the issuer: if rates fall, a bond with a high coupon will be called away.
Also known as: call provision
The issuer's right to redeem the issue early.
The issuer exercises it when it suits the issuer: if rates fall, a bond with a high coupon will be called away.
Also known as: call provision