Maturity
The date on which a bond's principal amount becomes due and payable to the bondholder.
Full Definition
Maturity (or maturity date) is when a bond's term ends and the issuer must repay the principal (nominal value) to bondholders. Until maturity, bondholders receive periodic coupon payments. At maturity, they receive the final coupon payment plus the full principal amount.
Bonds may have maturities ranging from a few months (short-term) to 30+ years (long-term). The maturity period affects both the bond's risk profile and its sensitivity to interest rate changes.
Why It Matters
On Sails.to, each bond offering clearly states its maturity date so investors can plan their investment horizon. Longer maturities typically carry more uncertainty and may offer higher yields to compensate.
For CrossSecurities bonds, principal repayment at maturity is handled automatically through the platform, with funds distributed to holders regardless of whether they hold on-chain tokens or bankable ISIN securities.