Call Date

The call date is the date on which a bond may be redeemed before maturity. If called, the bond may be redeemed at par or at a slight premium to par. For example, a bond may be scheduled to mature in 10 years but may have a provision that it can be called in 5 years if it is advantageous for the issuer to refinance the issue. The date 5 years from the issue date is the call date. When investing in a callable bond, it is important for investors to note the bond's call date as one cannot be assured that interest will be received from the bond beyond the call date.