Bond AbsaBanque 0% ( ZAG000156837 ) in ZAR

Issuer AbsaBanque
Market price 100 %  ⇌ 
Country  South Africa
ISIN code  ZAG000156837 ( in ZAR )
Interest rate 0%
Maturity 30/04/2020 - Bond has expired



Prospectus brochure of the bond Absa Bank ZAG000156837 in ZAR 0%, expired


Minimal amount 1 000 000 ZAR
Total amount 142 257 000 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.

Absa Bank's ZAG000156837 Bond Successfully Redeemed at Maturity. This bond, identified by ISIN ZAG000156837, issued by Absa Bank, a prominent South African financial services group and one of the largest banks in Africa, has successfully reached its maturity date and been fully redeemed. Denominated in South African Rand (ZAR), the security matured on April 30, 2020. With a total issuance size of ZAR 142,257,000 and a minimum purchase lot of ZAR 1,000,000, this particular debt instrument featured a 0% interest rate. This characteristic indicates it was structured as a zero-coupon bond, where investor returns are realized through the difference between the discounted issue price and the par value received at redemption. Upon its maturity, the bond was valued at 100% of its nominal value, signifying its complete and timely repayment by Absa Bank to bondholders. This redemption marks the successful conclusion of this specific debt obligation within the South African financial market.