BOND PRICING
Price per 100 Par
Quotes bond price as a percentage of face value, commonly per 100 units of par.
Market use
A price above 100 is above par; below 100 is below par.
What it means
Quotes bond price as a percentage of face value, commonly per 100 units of par.
Example
99.25 represents 99.25 currency units per 100 face value before applicable accrued interest.
How to interpret it
This concept should be read together with its market convention, measurement horizon and underlying instrument. BondStats presents it as an analytical reference rather than investment advice; instrument documentation and primary market rules remain authoritative.
Related Conventions
BondStats reference content is independently written. Mathematical relationships, abbreviations and market conventions are presented for educational and analytical use.