quiz: Non-Callable to Callable company, purchase, best, issues, should

Viceroy

If a company issues a non-callable bond and would like to make it callable, what is the best strategy using a swaption?

Answer : TO add the call feature, the company should purchase a receiver swaption .


If the company issued a callable bond and wants to remove the call feature, whats the best strategy using a swaption?

Answer: Sell a receiver swaption.



Ok so now whats confusing me is, when u sell a receiver swaption its the same thing a buying a payer swaption right?