标题: Sinking fund provision? [打印本页] 作者: suxiaoxiao 时间: 2011-7-11 17:40 标题: Sinking fund provision?
I'm going through fix income and schweser notes says, if market rates is currently below the coupon rate, the bonds will be trading at a premium to par value. Thus, a sinking fund call at par would not benefit a bondholder.
can anyone explaine this? not quite sure what a Sinking fund provision really is..I thought it's related to bond issuer, how does it link to bondholders? Thx!
