A coupon payment is the periodic interest paid on a bond, calculated as a percentage of its face value, and scheduled at intervals (monthly, quarterly, semi-annually, or annually) until the bond matures, as decided by the issuer. Coupon payments are directly transferred to the investor's mZAR account and can be re-invested or defunded as the investor discerns.  

Note: The "face value" is the principal amount that the issuer promises to return to the investor once the bond reaches maturity.