The Franklin Ohio Executive Summary Investment-Grade Bond Optional Redemption refers to a specific financial instrument issued by the city of Franklin, Ohio. This bond is a type of investment-grade bond that offers an optional redemption feature to the bondholder. The optional redemption feature allows the issuer, in this case, the city of Franklin, Ohio, to redeem the bond before its maturity date, providing flexibility to both the bondholder and the issuer. Investment-grade bonds are financial instruments that are deemed to have a low risk of default by credit rating agencies. Franklin Ohio Executive Summary Investment-Grade Bond Optional Redemption bonds fall into this category, indicating that they carry a relatively low level of risk compared to other types of bonds. The optional redemption feature of the bond provides the issuer with the opportunity to repay the bondholders' principal amount before the bond's stated maturity date, usually at a predetermined price or yield. This flexibility allows the issuer to adjust their debt structure according to changing market conditions or financial needs. There are two primary types of Franklin Ohio Executive Summary Investment-Grade Bond Optional Redemption: 1. Callable Bonds: These bonds provide the issuer with the right to redeem the bonds on specific dates and at predetermined prices. Callable bonds can be advantageous for issuers as they can take advantage of declining interest rates to lower borrowing costs. 2. Put table Bonds: These bonds provide the bondholder with the right to sell the bonds back to the issuer at predetermined prices and dates. Put table bonds can be beneficial for investors as they provide an exit strategy in case interest rates rise or market conditions change. In summary, the Franklin Ohio Executive Summary Investment-Grade Bond Optional Redemption is a type of investment-grade bond issued by the city of Franklin, Ohio. It offers an optional redemption feature, providing flexibility to both the bondholder and the issuer. The two types of optional redemption bonds are callable bonds and put table bonds. These bonds are designed to mitigate risks and cater to the needs of both investors and issuers.