Bond AbsaBanque 0% ( ZAG000121393 ) in ZAR

AbsaBanque

100 % ⇌

South Africa

ZAG000121393 ( in ZAR )

20/06/2017 - Bond has expired

Prospectus brochure of the bond Absa Bank ZAG000121393 in ZAR 0%, expired

1 000 000 ZAR

28 800 000 ZAR

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 detailed examination of a specific fixed-income instrument issued by Absa Bank, a leading financial institution based in South Africa, provides insights into a particular segment of the debt capital markets. Absa Bank, a core entity within Absa Group Limited, is recognised as one of Africa's largest and most diversified financial services groups, headquartered in Johannesburg and operating across multiple African countries, offering a comprehensive suite of banking, wealth management, and insurance solutions, thereby playing a significant role in the continent's financial ecosystem. This particular bond, bearing the ISIN code ZAG000121393, was originated in South Africa and denominated in South African Rand (ZAR), reflecting its local market relevance. The bond was issued with a total principal amount of 28,800,000 ZAR, with a minimum investment requirement of 1,000,000 ZAR, designed to cater primarily to wholesale or institutional investors. A key characteristic of this instrument was its zero percent interest rate, indicating that it was structured either as a zero-coupon bond, where its value at maturity would incorporate the return on investment, or as a principal-only note. With a scheduled maturity date of June 20, 2017, and a payment frequency of one, this bond has since successfully reached its full term; at its point of repayment, the bond's market price stood at 100% of its face value, confirming that the obligation has been duly fulfilled and the principal amount has been fully repaid to bondholders upon its maturity.