Oklahoma Investment-Grade Bond Optional Redemption (without a Par Call) refers to a type of bond issued by the state of Oklahoma with an investment-grade credit rating. This security offers investors the option to redeem the bond before its maturity without being subjected to a par call provision. Investment-grade bonds are issued by entities with a strong financial position and a low default risk, making them attractive to risk-averse investors. Oklahoma, being a highly creditworthy issuer, offers investment-grade bonds that enable investors to potentially earn stable income with minimal risk. The optional redemption feature provides flexibility to bondholders, allowing them to redeem their bonds before the maturity date. Unlike with par call provisions, which set a specific price or premium for early redemption, Oklahoma Investment-Grade Bond Optional Redemption (without a Par Call) provides more freedom in determining the redemption price. Investors should take note that the availability of this redemption feature can vary depending on the specific bonds issued. Different series of Oklahoma Investment-Grade Bonds may have varying terms, maturity dates, coupon rates, and redemption provisions. It is always essential for investors to thoroughly review the bond's prospectus, official statement, and offering documents to understand the specific terms and provisions applicable to their investment. Oklahoma Investment-Grade Bond Optional Redemption (without a Par Call) offers an opportunity for investors seeking stable income and the flexibility to potentially exit their investment before maturity without facing costly redemption premiums. By providing this optional redemption feature, Oklahoma attracts a broader range of investors to its bond offerings, supporting its efforts to finance public projects and infrastructure development within the state.