Bond AbsaBanque 0% ( ZAG000091216 ) in ZAR

Issuer AbsaBanque
Market price 100 %  ⇌ 
Country  South Africa
ISIN code  ZAG000091216 ( in ZAR )
Interest rate 0%
Maturity 20/12/2021 - Bond has expired



Prospectus brochure of the bond Absa Bank ZAG000091216 in ZAR 0%, expired


Minimal amount 1 000 000 ZAR
Total amount 100 000 000 ZAR
Detailed description Absa Bank is a leading African financial services group offering a range of banking, wealth, and insurance solutions across various countries, primarily in Africa.

A review of the ZAG000091216 bond, issued by Absa Bank, a significant financial services institution based in South Africa, confirms its successful maturity and redemption on December 20, 2021, thereby fulfilling its obligations regarding this debt instrument which, denominated in ZAR, had a 0% coupon rate and an initial total issue size of ZAR 100,000,000, with a minimum purchase amount set at ZAR 1,000,000, and despite its zero interest, was recorded at 100% of its value on the market prior to its redemption, with a payment frequency of once per year, reflecting its full settlement.