PUTABLE BOND

Putable bonds are a basic type of bonds that can be sold back by the owner to the issuer before the maturity date at a fixed price. Putable bonds are complex financial assets resulting from the combination of a straight bond and a put option.
Bibliography
Fabozzi F., Modigliani F., Jones F. (2010), Foundation of Financial Markets and Institutions, Pearson International Edition.
Editor: Bianca GIANNINI 
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