sinking fund 的意思是偿债基金，他每年付bond的一部分，而不是到maturity的日子才付所有的，即 issuer to retire the fixed portion of bond's principal each year.作者: jijie309 时间: 2013-11-6 13:35
回复 2#apf_薛老师
谢谢老师！不过我还是看不懂为什么“With rates currently below the coupon rate, the bonds will be trading at a premium to par value. Thus, sinking fund call at par would not benefit a bondholder.” 求老师解答！感激不尽！作者: wyandywja 时间: 2013-11-19 04:23
Because this bond is sold at premium, it means it worth more than par. The sinking fund call only pays the par to call the bond. That is why bondholder will lose. Hopefully my explaination is correct.
