Callable bonds also have a higher coupon rate than other bonds.
Not exact matches
YTM is
also called Yield To Worst (YTW) if the
bond is
callable.
Callable bonds (
also called redeemable
bonds) can be redeemed by the issuer earlier than the maturity date, usually at the choice of the issuer.
Also, many corporate
bonds are
callable, meaning that they can be called in by the issuing company and redeemed on a fixed date.
KTP
also carries a unique call - option:
callable at any time at a price that would make the yield equal to the 30 - year US Treasury
bond plus 20 basis points and never less than par ($ 25).