Maturity type

The type of the date on which the issuer of the bond agrees to repay the principal amount borrowed to the bondholder.

Regular

Regular maturity bonds have a specified end date when the issuer is obligated to redeem the bond at par value, returning the principal amount to investors. Investors holding bonds with a regular maturity date type can expect the bond to mature on a predetermined date, providing clarity on the timing of principal repayment.

Perpetual

Perpetual bonds pay interest to investors indefinitely, with no obligation for the issuer to repay the principal amount. While perpetual bonds offer continuous income streams to investors, they do not have a maturity date for principal repayment, making them a form of perpetual debt for the issuer. Perpetual bonds are relatively rare and are often issued by financial institutions or governments with strong credit ratings.

Extendible

Extendible bonds give the issuer or investor the option to prolong the bond's term, providing flexibility in managing the bond's maturity profile. The extension feature in extendible bonds can be triggered by specific events or at the discretion of the issuer or bondholder, allowing for adjustments to the maturity schedule based on changing circumstances.