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Bond Price Calculator

Enter the face value, coupon rate, coupon frequency, maturity and market yield. The bond’s price, whether it trades at a premium or discount, its duration and payment schedule are worked out.

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Bond price93.21₺At a discount: the coupon is below the market yield
  • Price / face value93.21%
  • Yearly coupon income30.00 ₺
  • Macaulay duration1.63 years
  • Price change if yields rise 1 point-1.39%
  • Total paid to maturity160.00 ₺
Payment schedule 4

How it is calculated

A bond’s price is its remaining coupons and principal discounted at the market yield. With the yield above the coupon it trades below face value (at a discount), below the coupon above face value (at a premium). Prices fall when yields rise; duration shows by how much.

FormulaFiyat = Σ K ÷ (1 + y ÷ m)^k + N ÷ (1 + y ÷ m)^nK: coupon per period (N × coupon rate ÷ m) · N: face value · y: yearly market yield · m: coupons a year · n: coupons left.

Example

A ₺100 bond with a 30% coupon (₺15 every six months) and two years left is worth ₺93.21 at a 35% yield: it trades at a discount because the coupon is below the yield.

Frequently asked questions

Why does the price differ from the quoted one?

The result is for a coupon date. Between coupons the traded price also includes interest accrued since the last coupon.

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