A bond redemption is the full repayment of the principal amount (the amount you invested) and any interest owed to date.
The deadline for confirming if you would like to redeem a bond is six months before the redemption date. We will send you an email to confirm this deadline so you can inform us if you would like to redeem your bond.
If you miss the deadline or choose not to redeem your bond, the bond will automatically roll over for another year, and you will continue to receive interest payments during this period. You will then have the choice to redeem the bond six months before the next redemption date.