"To retire the bonds" means to pay off or redeem the bonds. It refers to when a company or government repays the money it borrowed by buying back the bonds from the investors. Full definition
The bonds would replace retiring bonds, so homeowners will not see a tax increase, park officials said. (articles.chicagotribune.com)
The ability to call bonds protects issuers by enabling them to retire bonds with high coupons and refinance at lower interest rates. (aaii.com)
A one - way option of the issuer (not the investor) that allows the issuer to retire bonds by paying investors a stated price, usually a premium above the par value. (investinginbonds.com)