借款人的提前还款期权和债券发行人拥有的在债券到期前赎回部分债券的期权一样，也使贷款人承担了更多风险。
The prepayment option, like bond issuers' options to call some bonds before they mature, saddles the lender with more risk.
指债券发行人在债券到期日之前便将本息还清，以达到债券的提前赎回。
It refers to the bond issuer reimburse the principles and interest of the bond before it matures.
如果利率降低，并且如果高收益债券发行方能以更低利率再融资，他们通常会选择提前赎回。
High Yield issuers will usually only call their bonds if rates have fallen and if they would be able refinance at a lower rate.
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