Issue Date

Issue Date - Issue Date is the date which newly issued bond begins to accrue interest. The buyer of a bond in the primary market must pay the issuer interest accruing between the dated date and settlement date in addition to principal amount of bonds purchased. This additional interest returned to the buyer when the issuer makes the first interest payment. For example, a new bond issue with a dated date of July 1 and a settlement date of July 20 would require purchasers to pay nineteen days interest in addition to the face value of the bonds. It formally the issue date.