1. When the redemption price of a bond at maturity is not equal to the face value of the bond, the amount that the bond issuer needs to pay on the maturity date is not equal to the face value of the bond. Generally speaking, the redemption price of bonds is equal to the face value of bonds at maturity, mainly because there is usually a price in the terms of bond issuance. For ordinary debt bonds of general nature, the redemption price is usually based on the face value. However, some convertible corporate bonds, because of their low coupon rate during their existence, and because the issuer's share price is not attractive, bond investors will convert them until maturity. As compensation, the redemption price at maturity is sometimes higher than the face value of the bond.
2. The maturity date of a bond refers to the date when the principal is repaid. Generally speaking, bonds should have a maturity date, so that the principal can be returned at maturity. The significance and influence of the maturity date of the bond 1, where the maturity date indicates the expected duration of the bond, how many interest periods investors can get, and how long it will take to repay the principal; 2. Maturity date has a great influence on bond yield, which is influenced by the change of bond yield curve shape; 3. The maturity date affects the fluctuation of bond prices. 4. The change of market interest rate has greater influence on long-term bonds than short-term bonds; 5. Some bonds also contain terms of term change. For example, the terms of early redemption, termination, recovery and resale will affect the future yield of bonds; 6. Generally, bonds with a maturity of 1-5 years are called short-term bonds, bonds with a maturity of 5- 12 years are called medium-term bonds, and bonds with a maturity of more than 12 years are called long-term bonds.