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oBondPT_Price( ) - Portuguese Government Bond Price Function


Resolution - Bond Pricing



Function Definition

oBondPT_Price(Yield, Settlement Date, DatedDate, FirstCpnDate, MaturityDate, FaceValue, CouponRate, OutputFlag)

Calculates bond price using the Portuguese Government bond pricing conventions. Returns the bond's clean price, dirty price, accrued interest, as well as the risk statistics.



Bond Types

Portuguese Government bonds (OT's).



Function Parameters





Parameter Type






The redemption yield for the bond.



Yield >= 0

Settlement Date


Valuation date of the bond.




SetDate < MatDate
SetDate >DatedDate

Dated Date


Date on which the bond begins to accrue interest.





First CpnDate


Date that the first coupon is paid. Only required if bond has an odd first coupon period. If not required, leave either blank or enter 0 as the date.




F.C.D > DatedDate
F.C.D <
F.C.D < MatDate

Maturity Date


Maturity date of the bond.




MatDate > DatedDate

Face Value


Redemption value for the bond paid at maturity.



FaceValue >= 0

Coupon Rate


Coupon rate of the bond, expressed as a decimal.



Coupon Rate >= 0

Output Flag


Indicates which result, or set of results, will be displayed in the worksheet. When returning more than one value, the function must be entered as an array function. Entering a 0 will output: Yield, Clean Price, Accrued Interest, Dirty Price, Macaulay Duration, Modified Duration, Convexity, and Price Value of a Basis Point. Entering a 4 will output: Macaulay Duration, Modified Duration, Convexity, and Price Value of a Basis Point.


Enumerated Constant


0 - All eight outputs
1 - Clean Price only
2 - Acc Interest only
3 - Dirty Price only
4 - Risk Statistics
5 - Mac Duration
6 - Mod Duration
7 - Convexity only
8 - PVBP only








See Also

Parameter Types

Portuguese (OT's) Bond Pricing Conventions

oBond3_Price( ) - Generic Bond Price Function 3

oBondPT_Yield( ) - Portuguese Government Bond Yield Function

oBondPT_CFM( ) - Portuguese Government Bond Cash Flow Map Function

oBondPT_EYield( ) - Portuguese Government Bond Equivalent Yield Function

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