> For the complete documentation index, see [llms.txt](https://docs.arbor.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.arbor.finance/participants/lenders/when-can-i-convert-my-bonds.md).

# When can I convert my bonds?

[Convertible bonds](/protocol/bonds/convert.md) can be converted into convertible tokens up until the maturity date. Once the maturity date passes, bonds are no longer convertible and can only be redeemed for the principal plus interest.

![](/files/P3Elgpdc5dvGyR170Cvx)