What does Maturity Date mean?
The ‘maturity date’ of a security is a fixed date when the security will be repaid (usually at par) by the issuer. Some securities do not have maturity dates and are known as ‘perpetual’ securities. ‘Maturity date’ should not be confused with ‘Call Date’. A ‘Call Date’ is a date when the security issuer may, but is not obliged to, redeem the security.