A bond is callable if the issuer has the right to redeem it before the maturity date. An issuer will likely exercise their callable option if yields are falling and the issuer can obtain a lower coupon rate through new issuance in the current market environment.
You can determine if a bond is callable by following the steps below in the app:
Open App
Tap on the bond of interest
Scroll down to the ‘About’ section
When in the ‘About’ section swipe left
View information under ‘Callable’
For further questions please contact the Member Support team via in-app chat or email at support@public.com.