Callable bonds allow bond issuers to repay a bond before it matures. Putable bonds allow bondholders to sell the bond back to the issuer before the bond matures. A convertable bond is a bond that ...
These NCDs are also known as putable NCDs. What is Call option in an NCD? The call option in an NCD gives the right to the issuer to redeem the NCD before its maturity date. This means that the ...
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