John Lee, the CFO of Mpota Limited has just completed a training program on Modigliani and Miller's (M&M) propositions on capital structure.John Lee is excited about M&M propositions and has decided to issue bonds and use the proceeds to buy back shares.

(i) Based on your understanding of M&M propositions, why do you think Mr Lee has decided to issue bonds and use the proceeds to buy back shares?

(ii) Briefly describe 5 issues Mr Lee should consider before he issues bonds and use the proceeds to buy back shares.