Investment-Grade Bond Optional Redemption – Model Provision

Market participants have expressed the need for standardized language in investment-grade bond optional redemption provisions. SIFMA assembled a working group of investment banks operating in the U.S. and global capital markets to agree on general principles and model language. The final version of the model provision was published by SIFMA on November 29, 2021; it was updated on March 31, 2023.