Wisconsin Investment-Grade Bond Optional Redemption (with a Par Call) refers to a category of bonds issued by the state of Wisconsin that have the option to be redeemed by the issuer before the predetermined maturity date, at a specified price known as the par call price. These bonds are typically rated as investment-grade, indicating a relatively low risk level associated with the issuer's ability to meet its debt obligations. The optional redemption feature allows the issuer, in this case, the state of Wisconsin, to call back the bonds from the bondholders before their normal maturity date. This can be advantageous for the issuer if market conditions change in a way that allows them to refinance the debt at a lower cost or if they want to retire the bonds early. The par call price represents the amount at which the bonds will be redeemed if the issuer exercises its call option. It is typically set at or around the face value (par value) of the bonds. Bondholders receive the par value of the bond plus any accrued interest up to the redemption date if the issuer chooses to exercise the optional redemption. The Wisconsin Investment-Grade Bond Optional Redemption (with a Par Call) may have different types or series depending on the specific parameters and characteristics of each issuance. Different series may have varying interest rates, maturity dates, and redemption provisions. Investors interested in purchasing these bonds should carefully review the prospectus or offering documents to understand the specific terms of each series. Investors considering Wisconsin Investment-Grade Bond Optional Redemption (with a Par Call) may find them attractive due to the state's stable financial position and investment-grade rating. These bonds offer potential income with relatively low default risk compared to bonds issued by lower-rated entities. The optional redemption feature provides flexibility to the issuer while offering some level of predictability and transparency to bondholders. When evaluating Wisconsin Investment-Grade Bond Optional Redemption (with a Par Call), investors should consider their own investment objectives, risk tolerance, and market conditions. Reviewing the creditworthiness of the issuer, understanding the terms and conditions of each series, and consulting with a financial advisor can help make informed investment decisions. In summary, Wisconsin Investment-Grade Bond Optional Redemption (with a Par Call) is a category of bonds issued by the state of Wisconsin, offering the option for the issuer to redeem the bonds before their maturity date at a pre-determined par call price. Different types or series of these bonds may exist, each with distinct features. Investors should carefully assess the specific terms and conditions of each series to determine their suitability for their portfolio.