vvs. Well I don't know much about call options...but i thot kengen didn't have an option but payback in installments after 2 years. If kcb puts a call option for its bondholders, won't it be equivalent to deleveraging? Wouldn't it make more sense for normal companies that are not banks to use this tool as they could find themselves with excess funds in the future?
“We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden