It is the date on which the issuer is obliged to pay the face value of the bond to the bondholder. The maturity of bonds can vary between very short term-a few months to a few years-and extremely long term-decades. The maturity date determines how sensitive the bond is to interest rate changes: in general, the longer the maturity, the more sensitive the bond will be to rate shifts. https://finxl.in/financial-analyst-online-classes-courses-training.html