This option will usually be exercised as current interest rates move lower than the bond's yield. The firm will be motivated to repurchase more debt through the sinking fund option and refinance itself at the lower rates.
Investment dictionary. Academic. 2012.
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Doubling option — A sinking fund provision that may allow repurchase of twice the required number of bonds at the sinking fund call price. The New York Times Financial Glossary … Financial and business terms
doubling option — A sinking fund provision that may allow repurchase of twice the required number of bonds at the sinking fund call price. Bloomberg Financial Dictionary … Financial and business terms
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