Hi
Recently I came across a lot of long bonds (e.g. 10y) with a call 3 month prior to maturity.
They are usually issued by US issuers with a high rating (A, AA)
What is the point of this option ?
Thanks in advance for your answer
Hi
Recently I came across a lot of long bonds (e.g. 10y) with a call 3 month prior to maturity.
They are usually issued by US issuers with a high rating (A, AA)
What is the point of this option ?
Thanks in advance for your answer