: Where to find bond's face value? After browsing an online broker's bonds offerings, I wanted to obtain some additional info on a particular bond. Specifically, its face value. I was expecting it to be listed on the broker

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In the US, when you buy bonds you tell the broker that you want 1, 10, 32, 1000, or whatever you decide on. Those are 00 bonds, i.e., each bond has a face value of 00. So if you buy 32, the face value is ,000. That's all there is to it.

One thing that makes it seem more complicated is that the price for the bond is quoted as a percentage of face value. So if you see price of 98, you'll pay 0 for each bond. If the price is 110, you'll pay 00 for each one. So if you buy 32 bonds at 98, you'll pay ,000 x .98, which is ,360.

Well, not quite. You also pay accumulated interest. Bonds usually pay interest every 6 months. If the bond paid interest one month before you bought it, it has accumulated 1 month of interest, which is owed to the seller. The bond issuer doesn't deal with that: you do. You pay 1 month of interest to the seller, in addition to the purchase price. So if the bond you're buying has a coupon rate of 6%, that's 1/2% per month, and your 32 bonds, having a face value of ,000, have accumulated 0 in interest. So the price you pay is ,360 plus 0 plus whatever the broker charges for commission.