单选题 Which of the following is TRUE about a bond with a deferred call provision?

A、 It could be called at any time during the initial call period, but not later.
B、 It could not be called right after the date of issue.
C、 Principal repayment can be deferred until it reaches maturity.

【正确答案】 B

【答案解析】A deferred call provision means the issue is initially (say, for the first 5 to 7 years) non-callable, after which time it becomes freely callable. In other words, there is a deferment period during which time the bond cannot be called, but after that, it becomes freely callable.