When a new bond is issued, the interest rate it pays is called the coupon rate, which is the fixed annual payment expressed as a percentage of the face value. For example, a 5% coupon bond pays $ ...
Indian Overseas Bank (IOB) has set 7 March, 2025 as record date for payment of coupon on Basel III Tier II Bonds (Series IV & V). Further, IOB announced that the coupon payments for its Basel III ...
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