Why is a call provision advantageous to a bond issuer when, Finance Basics

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Why is a call provision advantageous to a bond issuer when

Question: Why is a call provision advantageous to a bond issuer? When would the issuer be likely to initiate a refunding call?

Are securities that provide for a sinking fund more or less risky from the bondholder's perspective than those without this type of provision? Explain.

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Finance Basics: Why is a call provision advantageous to a bond issuer when

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Finance Basics: Why is a call provision advantageous to a bond issuer when

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