first coupon

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First Coupon

The date on which a bond makes its first interest payment to bondholders. The first coupon date sometimes occurs at an irregular time; that is, if the bond pays coupons every six months, the first coupon may be longer or shorter than six months. See also: Long coupon, Short coupon, Grace period.

first coupon (F/C)

The date on which a bond's initial interest payment will be made by the issuer.
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