is a stock or bond required to have par value 
in some jurisdictions a security issuance may be required to have a par value this isn t always the case but in some situations a stock or bond can t be issued without one the bottom linepar value is the face value of a bond or the value of a stock certificate stated in the corporate charter a stock s par value is often unrelated to the actual value of its shares trading on the stock market par value is required for a bond or a fixed income instrument and defines its maturity value and the value of its required coupon payments 