What does it mean when a bond is issued at 101?

Keeping this in consideration, what does it mean if a bond is issued at 102?

Bond pricing Bonds issued at a premium have a bond price of more than 100. For example, a price of 102 means 102 percent of par value. In this case, a $1,000 bond's price would be $1,020. A bond priced at 98 (a discount), would have a price of $980 per $1,000 bond.

One may also ask, how do you record issuance of a bond? Record the appropriate book entries upon issuing the bond. Record a debit to the Cash account and a credit to Bonds Payable, both for the total face value of the bonds issued. To record the sale of a $1000 bond, for example, debit Cash for $1000 and credit Bonds Payable (a long-term liability account) for $1000.

Similarly, it is asked, what does it mean when a bond is issued at 95?

If it is issued at, say, Rs 95, it will be said to have been issued at a discount and conversely, if issued for, say, Rs 110, at a premium. Banks are the largest investors in the bond market.

Which bonds are quoted in 32nds?

Corporate bonds are quoted in 1/8th increments while government bonds are typically quoted in 1/32nds. Municipal bonds may be quoted on a dollar basis or on a yield-to-maturity basis. Bonds are generally quoted as percentage of face value ($1,000).