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FAQs

Bonds - Characteristics of a Bond
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Face value is the amount the bond will be worth at maturity and the amount the bond issuer uses when calculating interest payments. The coupon rate is the interest rate the bond issuer will pay on the face value of the bond. Coupon dates are the dates on which the bond issuer will make interest payments. The maturity date is the date on which the bond will mature and the bond issuer will pay the bondholder the face value of the bond. Issue price is the price at which the bond issuer originally sells the bonds.