I wonder if some of the more experienced members of the forum can provide some info.
I purchased these when they were on a reasonable discount to par and, being the first bonds I had purchased, crossed my fingers and hoped for maturity at par and a good yield in the meantime.
My question is - what is the normal procedure at maturity? Do they just pay your broker and cancel or do they offer a replacement bond with some kind of inducement. I recall that Ei had a redemption offer about 2 years ago but I cannot remember the terms. And how soon before the maturity date do they announce?
Maturity date is approx a month away