Step 5 of 7 in Bonds from scratchCourse outline →
Put date (offer)
The right, or the obligation, to present a bond to the issuer for early redemption.
How to read the number
For a bond with a put date, yield must be calculated to that date rather than to maturity.
When the metric lies
Also known as: put date, put option, offer date
Related terms
Next step in Bonds from scratch · explainerOFZ and Corporate Bonds: What the Premium Pays You ForThe premium of a corporate issue over an OFZ of comparable maturity is neither a reward for boldness nor the mark of a "more generous issuer".Read next →
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