🧾 Coupon Payment Calculator
Calculate the periodic coupon payment a bond pays based on its face value, annual coupon rate, and payment frequency.
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What is a bond coupon payment?
A coupon payment is the periodic interest payment a bondholder receives, based on the bond’s stated (coupon) interest rate applied to its face value, split across however many payments are made per year.
The formula
Coupon Payment = (Face Value × Annual Coupon Rate) / Payments per Year. For example, a $1,000 bond with a 5% annual coupon paid semiannually pays $25 every six months.
This calculator is for general financial education purposes.
Last reviewed August 2026