Characteristics of Bonds
Face value or Par Value: The value of the bond at maturity and the reference amount the bond issuer uses when calculating interest payments.
Coupon Rate: The rate of interest the bond issuer will pay on the face value of the bond, expressed as a percentage.
Coupon Dates: The dates on which the bond issuer will make interest payments.
Maturity Date: The date on which the bond will mature and the bond issuer will pay the bondholder the face value of the bond.
Issue Price: The price at which the bond issuer originally sells the bonds. In many cases, bonds are issued at par.
