-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001196505-03-000007.txt : 20030905
<SEC-HEADER>0001196505-03-000007.hdr.sgml : 20030905
<ACCEPTANCE-DATETIME>20030905144335
ACCESSION NUMBER:		0001196505-03-000007
CONFORMED SUBMISSION TYPE:	5
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20030831
FILED AS OF DATE:		20030905

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			KENNAN ELIZABETH T
		CENTRAL INDEX KEY:			0001192343

	FILING VALUES:
		FORM TYPE:		5
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-05133
		FILM NUMBER:		03883549

	MAIL ADDRESS:	
		STREET 1:		NORTHEAST UTILTIES
		STREET 2:		107 SELDEN STREET
		CITY:			BERLIN
		STATE:			CT
		ZIP:			06037

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PUTNAM HIGH INCOME BOND FUND
		CENTRAL INDEX KEY:			0000810943
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				046562068
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0831

	BUSINESS ADDRESS:	
		STREET 1:		ONE POST OFFICE SQ
		STREET 2:		MAILSTOP A 14
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109
		BUSINESS PHONE:		8002251581

	MAIL ADDRESS:	
		STREET 1:		PUTNAM LLC
		STREET 2:		ONE POST OFFICE SQ
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PUTNAM HIGH BOND FUND
		DATE OF NAME CHANGE:	20021107

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PUTNAM HIGH INCOME CONVERTIBLE & BOND FUND
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>5
<SEQUENCE>1
<FILENAME>primary_doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>

<ownershipDocument>

    <schemaVersion>X0201</schemaVersion>

    <documentType>5</documentType>

    <periodOfReport>2003-08-31</periodOfReport>


    <notSubjectToSection16>0</notSubjectToSection16>

    <form3HoldingsReported>0</form3HoldingsReported>

    <form4TransactionsReported>0</form4TransactionsReported>

    <issuer>
        <issuerCik>0000810943</issuerCik>
        <issuerName>PUTNAM HIGH INCOME BOND FUND</issuerName>
        <issuerTradingSymbol>PCF</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001192343</rptOwnerCik>
            <rptOwnerName>KENNAN ELIZABETH T</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>NORTHEAST UTILTIES</rptOwnerStreet1>
            <rptOwnerStreet2>107 SELDEN STREET</rptOwnerStreet2>
            <rptOwnerCity>BERLIN</rptOwnerCity>
            <rptOwnerState>CT</rptOwnerState>
            <rptOwnerZipCode>06037</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>

        <nonDerivativeTransaction>
            <securityTitle>
                <value>Closed-End Fund</value>
            </securityTitle>
            <transactionDate>
                <value>2003-08-31</value>
                <footnoteId id="F1"/>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>5</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness>
                <value></value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>18.671</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>7.2</value>
                    <footnoteId id="F2"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>239.693</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>

    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">dividends reinvested for fiscal year ending 8/31/03</footnote>
        <footnote id="F2">price as of 8/31/03</footnote>
    </footnotes>


    <ownerSignature>
        <signatureName>Elizabeth T. Kennan</signatureName>
        <signatureDate>2003-09-05</signatureDate>
    </ownerSignature>

</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>4
<FILENAME>kennan.txt
<DESCRIPTION>CONFIRMING STATEMENT
<TEXT>
Confirming Statement

I, as Reporting Person of Putnam Investment Management, LLC and/or
Putnam, LLC, the Issuer's Investment Adviser and Indirect Parent
Holding Company, respectively, hereby authorize and designate each and
every Managing Director, Senior Vice President and Vice President in
the Putnam Investments Legal and Compliance Department to file SEC
Exchange Act Forms 3, 4 or 5 on my behalf until further notice in
electronic format pursuant to Rule 101(b)(4) of Regulation S-T.

- ---------------------------

/s/  Elizabeth T. Kennan


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
