Bond AbsaBanque 0% ( ZAG000101239 ) in ZAR

Issuer AbsaBanque
Market price 100 %  ⇌ 
Country  South Africa
ISIN code  ZAG000101239 ( in ZAR )
Interest rate 0%
Maturity 21/11/2023 - Bond has expired



Prospectus brochure of the bond Absa Bank ZAG000101239 in ZAR 0%, expired


Minimal amount 1 000 000 ZAR
Total amount 2 007 000 000 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.

This financial article details the recent maturity and full repayment of Absa Bank's bond, ISIN ZAG000101239, an instrument issued from South Africa and denominated in South African Rand (ZAR), which reached its maturity date on November 21, 2023, with its principal being successfully returned to investors at 100% of its face value. The issuer, Absa Bank, stands as one of Africa's largest diversified financial services groups, headquartered in Johannesburg, South Africa, boasting extensive operations across the continent encompassing retail, corporate, and investment banking services, thereby solidifying its prominent position within the regional financial landscape and underscoring its capacity to meet its financial obligations. Originally issued with a total size of ZAR 2,007,000,000 and a minimum purchase size of ZAR 1,000,000, this particular bond was notable for its reported 0% interest rate and an annual payment frequency of '1', suggesting its structure as a zero-coupon or deeply discounted instrument where investor returns were primarily realized through the full principal repayment at maturity. The successful and timely repayment of this ZAG000101239 bond highlights Absa Bank's robust financial management and commitment to its debt holders, further reinforcing its credit profile and standing in the global financial markets.