The yield stated set at the time of issuance of a corporate bond is known as Coupon yield.
Yield is a common term that is connected to the return on the capital you invest in a bond. Price and yield are contrarily connected to each other. As the price of a bond increases, its yield decreases. Yield as it is connected to bonds, it can be of several types like coupon yield, current yield, yield-to-call, yield-to-maturity and yield-to-worst.
Coupon yield, which is also known as the coupon rate, is the annual interest rate set when the bond is issued that does not change within the lifetime of the bond.The coupon rate is the rate of interest the bond issuer has to pay on the face value of the bond, revealed as a percentage. For example, a 6% coupon rate means that bondholders will receive 6% x $1,000 face value = $60 every year.
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