Next Coupon Date definition | Money Words

The date when the coupon is due to be paid. If the maturity date is on July 15, 2019 and the coupon is paid semi-annually then the coupon dates are July 15 and January 15 each year.

FAQs about Next Coupon Date definition | Money Words Coupon?

What is a coupon date?

One of the dates on which bondholders are sent coupon payments. That is, the coupon dates are the dates on which bondholders receive the interest that they are guaranteed. Coupon dates are fixed for bonds, and usually occur twice a year. See also: Dividend payment date. ...

What is an ex-coupon date?

Ex-Coupon Date means a day immediately following the Record Date for Interest Repayment; for the purposes of setting the Ex -Coupon Date, it shall be understood that the Ex-Coupon Date shall not be rolled in accordance with the Business Day convention. ...

How to calculate the date when a coupon payment is due?

After purchasing a bond, we can calculate the date when the first coupon payment is due using COUPNCD. =COUPNCD (settlement, maturity, frequency, [basis]) The COUPNCD function uses the following arguments: Settlement (required argument) – This is the settlement date of a given security. It is the date after the security is traded to the buyer. ...

What is a fixed-income bond coupon rate?

In the context of fixed-income securities, bonds typically have a set coupon rate, which represents the annual interest payment as a percentage of the bond's face value. These payments are distributed to bondholders at regular intervals. These are often annual or semiannual, but sometimes also quarterly. ...

Does a coupon affect a bond price?

Note that the timing of the coupon doesn't affect the bond price, since the price you pay for a bond included any interest that accrues up to that point, so if you buy a bond the day before it pays a coupon, you're also paying for the interest that's accrued to that point, so effectively you're only getting one day's worth of interest. ...

How to calculate coupon date after settlement in Excel?

The COUPNCD Function is an Excel financial function. It calculates the number that is the next coupon date after settlement. After purchasing a bond, we can calculate the date when the first coupon payment is due using COUPNCD. =COUPNCD (settlement, maturity, frequency, [basis]) The COUPNCD function uses the following arguments: ...