Bond AbsaBanque 0% ( ZAG000107665 ) in ZAR

Issuer	AbsaBanque
Market price	100 % ⇌
Country	South Africa
ISIN code	ZAG000107665 ( in ZAR )
Interest rate	0%
Maturity	01/08/2018 - Bond has expired
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Minimal amount	1 000 000 ZAR
Total amount	40 000 000 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 overview pertains to a specific debt instrument, identified by the ISIN code ZAG000107665, which was issued by Absa Bank, a leading financial institution headquartered in South Africa; Absa Bank Limited operates as a wholly-owned subsidiary of Absa Group Limited, a diversified financial services conglomerate listed on the Johannesburg Stock Exchange, recognized as one of Africa's largest financial services providers with a robust presence across various African countries, offering a comprehensive suite of retail, business, corporate, and investment banking services, alongside wealth management and insurance solutions. This particular bond, denominated in South African Rand (ZAR) and originating from the South African market, represented a total issuance size of ZAR 40,000,000, with a minimum investment requirement set at ZAR 1,000,000; characteristically, the bond featured a 0% interest rate and a payment frequency of 1, which typically indicates a zero-coupon structure where the entire principal repayment occurs as a single event at maturity. The instrument reached its maturity date on August 1, 2018, and was subsequently redeemed at its par value, as evidenced by its 100% market price at the point of repayment, confirming its full repayment to bondholders.