easy · Debt Capital Markets bond-instruments-structures
What is a 'deferred call'?
- A call option that cannot be exercised until a certain amount of time has passed after issuance.
- A call option that the issuer has formally and permanently decided to cancel forever.
- An interest coupon payment that the issuer pushes to a much later future date.
- An original maturity date that the bondholder elects to accelerate to an earlier point in time.
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