The company is setting the maturity date when the final payment is due to the bondholder.
The bondholder is the owner of the debt securities which are issued by companies or governments.
The bondholders are the parties who are lending their money to the bond issuers.
So, the bondholders are entitled to periodic repayment of the bond from the bond issuers.
So, when the Final payment is due to the bondholder, the date is addressed as maturity date because that is when the bond contract lapses unless the repayment is not complete.
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