Bond AbsaBanque 0% ( ZAG000180209 ) in ZAR

Issuer	AbsaBanque
Market price	100 % ⇌
Country	South Africa
ISIN code	ZAG000180209 ( in ZAR )
Interest rate	0%
Maturity	10/01/2022 - 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	560 000 000 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 report details the characteristics and final status of a bond issuance by Absa Bank, identified by ISIN ZAG000180209, which has successfully reached its maturity and been fully redeemed. Absa Bank, the issuer of this obligation, is a leading financial services provider headquartered in South Africa and a wholly-owned subsidiary of Absa Group Limited, one of Africa's largest diversified financial services groups, offering a comprehensive suite of retail, business, corporate, and investment banking products and services across South Africa and several other African markets. The bond, categorized as a zero-coupon bond due to its 0% interest rate, was denominated in South African Rand (ZAR) and represented a total issuance size of ZAR 560,000,000, with an original minimum purchase size set at ZAR 1,000,000. Issued in South Africa, this financial instrument matured on January 10, 2022, and as indicated by its "current market price" of 100% upon maturity, it was fully repaid to investors, demonstrating the issuer's timely fulfillment of its financial obligations. Its payment frequency, noted as '1', aligns with the single principal repayment typical of a zero-coupon bond at its maturity.