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ItalianoBond AbsaBanque 0% ( ZAG000174301 ) in ZAR
| Issuer | AbsaBanque |
| Market price | 100 % ⇌ |
| Country |  South Africa
|
| ISIN code |
 ZAG000174301 ( in ZAR )
|
| Interest rate | 0% |
| Maturity | 04/09/2024 - Bond has expired |
|
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible |
|
| Minimal amount | 1 000 000 ZAR |
| Total amount | 15 000 000 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 Absa Bank debt instrument, bearing the ISIN ZAG000174301 and originating from South Africa, recently completed its lifecycle, having matured and been fully redeemed on September 4, 2024, at its par value of 100%. Absa Bank, a leading South African financial services conglomerate with significant regional operations across the continent, served as the issuer for this particular obligation. Denominated in South African Rand (ZAR), the bond represented a total issuance volume of ZAR 15,000,000, with a minimum investment threshold set at ZAR 1,000,000. Characterized by a 0% stated interest rate and a single payment frequency, this structure suggests it functioned as a zero-coupon bond where investors received the full principal amount at maturity. |