Bonds basics
A bond is a fixed income instrument that represents a loan made by an investor to a borrower. Bonds are used by governments and corporations for financing purposes, instead of a classic bank loan. The bond issuer receives the necessary capital during the bond offering phase. Investors receive a periodic interest (coupon) until the maturity date, at which point the bond's principal is repaid.
Coupon payments
Typically, coupon payments are paid annually, but the frequency can vary depending on the bond.
To see the next upcoming coupon date of a bond in your Revolut app:
- Go to 'Invest' on the bottom menu
- Select the bond
- Scroll down to 'Attributes' and check 'Next coupon date'
- Select the bond and scroll down to 'Asset details'
The amount you receive depends on how much you've purchased. Coupons can take some time to settle, but should typically be paid within 2 business days of the official coupon date.
To view the payments in your Revolut app:
- Go to 'Invest' on the bottom menu
- In the 'Portfolio' section, scroll down to 'Transactions'
- Tap 'See all'
- Select the dividend transaction to see the details
Revolut bond offerings
We offer 2 types of bonds:
- Corporate bonds
- Government bonds
Corporate bonds are issued by private-sector companies, while government bonds include the sovereign debt. A sub-sector of government bonds are agency and quasi-government bonds, which are special-purpose bonds that focus on specific infrastructure, research and development (R&D), and other social welfare projects.