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Discover LudwigThe phrase 'were redeemed' is correct and usable in written English.
You can use it when you want to express the idea of something being set free, released from a debt, or exchanged for something else. For example: "After years of hard work, the family's mortgage payments were redeemed."
Dictionary
were redeemed
verb
To recover ownership of something by buying it back.
Exact(58)
Fewer than half were redeemed, according to the NTIA.
Bishveel Nashim Tzidkaniot Nigalu Avoteinu Mimitzrayim: "We were redeemed from Egypt because of the righteous women".
Of those, 6.2 million were redeemed, a decrease of 4.4percentt from the previous year.
On Dec. 21, 2006, however, the certificates were redeemed to pay back those mysterious "shareholder loans".
Last year, 1.6 trillion miles were awarded, but only 342 billion, or 21percentt, were redeemed.
That confidence was justified, as interest was paid on the bonds each year until finally they were redeemed in 2015.
And they were redeemed for 35.6 euros each, which generated the 974 million euros used to pay Apax and T.P.G.
Last year, more than 3.5 billion coupons for consumer packaged goods were redeemed, an increase of 6.1 percent over 2010.
In other words, the 'untrustworthy'-sounding Liverpudlians (apologies, any readers from Liverpool) were redeemed when they behaved in a desirable way.
If only three of the savings bonds were presented, however, no return would be required even if the remaining two bonds were redeemed the following day.
Similar(1)
It was abolished in 1873; large quantities were redeemed by the government and melted.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com