North Carolina Investment-Grade Bond Optional Redemption (without a Par Call): Description & Types North Carolina Investment-Grade Bond Optional Redemption (without a Par Call) refers to a type of bond issued by the state of North Carolina with an investment-grade credit rating. These bonds offer investors the flexibility to redeem their investment before maturity, without a par call provision. This means that bondholders have the option to sell or redeem their bonds at any time before the bond's maturity date, at their discretion. Investment-grade bonds are typically issued by financially stable entities or governments with a low risk of default. North Carolina, with its strong economy and solid fiscal management, is known for issuing highly rated bonds. These bonds are often sought-after by investors seeking relatively safe fixed-income investments that provide regular interest payments. The absence of a par call provision in these bonds means that bondholders can exercise their right to redeem the bonds at any price, without the issuer having the ability to force an early redemption at par value. This gives investors more control over their investments, allowing them to take advantage of favorable market conditions or other investment opportunities. It's worth noting that North Carolina may issue different types of Investment-Grade Bond Optional Redemption (without a Par Call), including: 1. General Obligation Bonds: These bonds are backed by the full faith and credit of the state of North Carolina. They are considered one of the safest types of bonds, as the state pledges its taxing power to ensure bondholders are repaid. 2. Revenue Bonds: These bonds are backed by the revenue generated from a specific project or source. For example, a revenue bond might be issued to finance a new highway or a water treatment facility. The repayment of these bonds depends on the revenues generated by the project they were issued to fund. 3. Transportation Bonds: These bonds are specifically issued to fund transportation-related projects in North Carolina. They could be used to finance the construction of highways, bridges, airports, or other transportation infrastructure. Investors interested in North Carolina Investment-Grade Bond Optional Redemption (without a Par Call) should conduct thorough research and carefully consider their financial goals and risk tolerance. Consulting with a financial advisor is recommended to ensure bond investments align with their investment objectives.