Bond AbsaBanque 9.84% ( ZAG000139668 ) in ZAR

Issuer AbsaBanque
Market price 100 %  ⇌ 
Country  South Africa
ISIN code  ZAG000139668 ( in ZAR )
Interest rate 9.84% per year ( payment 1 time a year)
Maturity 26/09/2023 - Bond has expired



Prospectus brochure of the bond Absa Bank ZAG000139668 in ZAR 9.84%, expired


Minimal amount 1 000 000 ZAR
Total amount 125 000 000 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.

An analysis of the debt capital markets highlights the recent successful maturity and redemption of the Absa Bank bond, identified by ISIN code ZAG000139668. Absa Bank, the issuer of this specific financial instrument, stands as a prominent and diversified financial services group headquartered in South Africa; as a key subsidiary of Absa Group Limited, one of Africa's largest financial services providers, Absa Bank offers a comprehensive range of retail, business, corporate, investment, and wealth management solutions across its extensive network, primarily in South Africa and other African countries, underscoring its robust market presence and established operational history as a significant participant in the regional financial landscape. This particular bond, issued from South Africa and denominated in South African Rand (ZAR), featured a coupon interest rate of 9.84% with payments scheduled annually, indicating a frequency of 1, and represented a total issuance size of ZAR 125,000,000, with a minimum investment threshold set at ZAR 1,000,000; originally trading at a current market price of 100% (reflecting its redemption value), the instrument reached its maturity on September 26, 2023, and has since been fully redeemed, confirming its successful lifecycle conclusion and the issuer's fulfillment of its financial obligation to bondholders.