2024 CFA Level I Exam: CFA Discussion 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.

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