investors as they typically offer an attractive interest rate or coupon rate due to their callable nature. A callable bond is a debt instrument in which the. Missing: effektiv löptid stygga vuxna julkort. An American, callable Bond, also known as continuously callable, is a bond that an issuer can redeem at any time prior to its maturity. American Callable Bond - Investopedia Breaking down American, callable Bond. The issuer would likely call the current bonds and distribute new bonds at a lower interest rate, or coupon. A callable bond (also called redeemable bond ) is a type of bond (debt security) that allows the issuer of the bond to retain the privilege of redeeming the bond.