This refers to the date wherein a part of a callable bond can be redeemed before it matures. It is typically specified upon issuance. The bond may be redeemed on the call date at par or at a small premium to par should the issuer feel that there is an advantage to refinancing the issue.
Call date
This refers to the date wherein a part of a callable bond can be redeemed before it matures. It is typically specified upon issuance. The bond may be redeemed on the call date at par or at a small premium to par should the issuer feel that there is an advantage to refinancing the issue.
