This study aims to examine and analyze the factors that affect the price
of bonds in companies that issue bonds listed on the Indonesia Stock
Exchange. The independent variables of this research are Rating, liquidity
level, coupon rate, maturity, interest rate of SBI. Dependent variable of
this research is bond price. The population of this study are companies
listed on the BEI in the banking sub-sector in 2012-2016. Sample of this
research as much as 55 bonds from 11 companies which become sample in
this research. The docoument used in this study is secondary doucoment,
financial reports published by BEI, bond rating issued by PT Pefindo. The
method of analysis used is multiple linear regression analysis by first using
the classical assumption test. The results of this study indicate that
partially the interest rate SBI has a significant negative effect on bond
prices, while the variables of rating have no significant effect on the price
of bonds, the level of liquidity has a positive effect is not significant,
coupon rate has no significant negative effect, time variable maturity
positive insignificant to bond prices.