Coupon Payment Calculator
Work out the cash a bond pays each period from its face value, coupon rate and how often coupons are paid.
- Free
- No sign-up
Enter the face value, rate and frequency to see the payment.
Worked example
With these example inputs:
- Face value$1,000
- Coupon rate5%
- Coupon frequency2
Coupon payment: $25.00
- Annual coupon$50.00
Frequently asked questions
How is a coupon payment calculated?
Multiply the face value by the annual coupon rate, then divide by the number of payments per year. A 5% bond on $1,000 paying twice a year pays $25 each time.
Does the payment change with the price?
No. Coupon payments are fixed against face value, so they stay the same whether the bond trades at a premium or a discount.