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Coupon Date

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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.


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Both the coupon payment and the accretion of the principal that occurs each coupon date for inflation-indexed bonds will be treated as income for tax purposes.
The bonds were scheduled to be issued and delivered on July 1, 1992, with the first coupon date of January 1, 1993, and the first principal payment date on July 1, 1993.
The perpetual bonds are callable after five years at each coupon date.
 
 
 
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