Bond Calculator

Settlement Price
Face Value
Coupon Rate %
Payments per Year
Settlement Date
Maturity Date
Yield to Maturity %
 

Settlement Price
This is the current price for buying the bond. It is the dirty price or the settlement price, i.e. the price you actually pay for the bond (not including broker's commission). This means it includes accrued interest.
Face Value
This is the nominal value of debt that the bond represents. It is the amount that is payed to the holder of the bond on the date that it matures, also called the redemption date.
Coupon Rate
This determines the value of the annual coupon payments as a percentage of the face value. For example if the face value is 1000 and the interest rate is 7% then there will be total coupon payments of 70 in a year. If there are 2 payments per year then each payment will equal 35.
Payments per Year
A bonds coupon payment is usually split up into a number of payments per year. The most common number is 2.
Settlement Date
This is the date on which the bond is paid for and ownership is assumed.
Maturity Date
This is the date of the final coupon payment and payment of the bond's face value.