Final answer:
The statement is false because a callable bond gives the issuer the right to redeem the bond after the first call date and under certain conditions, not at any time.
Step-by-step explanation:
The statement 'Gives the issuer the right to call the bond at any time starting on the first call date' is False. A callable bond provides the issuer the right to pay off the bond before its scheduled maturity date, but not necessarily 'at any time.' Typically, this can only occur after a specific date, known as the first call date.
Therefore, an issuer has the right to call the bond, but it is generally confined to after the first call date and under the conditions specified in the bond's indenture agreement.