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Irish Government Bond

ulty77 · 2013-12-08 18:56:49

If I buy a bond a week before the interest is due, do I get the interest?

08-12-2013 6:56pm

#1

ulty77

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Join Date: December 2011

Posts: 18

If I buy a bond a week before the interest is due, do I get the interest?

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#2 09-12-2013 8:28am

Browney7

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Join Date: April 2008

Posts: 3039

ulty77 wrote: »

If I buy a bond a week before the interest is due, do I get the interest?

You get the interest but the person you buy it from will likely charge a price to effectively compensate them for holding the bond for the last 355 days. You pay the "dirty" price for the bond which is the "clean" price plus any accrued interest.

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