Bond AbsaBanque 0% ( ZAG000181959 ) in ZAR

Issuer	AbsaBanque
Market price	100 % ⇌
Country	South Africa
ISIN code	ZAG000181959 ( in ZAR )
Interest rate	0%
Maturity	20/06/2026
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Minimal amount	1 000 000 ZAR
Total amount	50 000 000 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. Absa Bank, a prominent financial services group headquartered in South Africa, has issued a ZAR-denominated bond identified by ISIN code ZAG000181959. As one of Africa's largest diversified financial services groups, Absa Group Limited, through its subsidiary Absa Bank, operates across 12 countries, offering a comprehensive range of retail, corporate, and investment banking, wealth management, and insurance products and services, playing a significant role in the South African financial landscape and wider African economy. This specific bond, issued from South Africa, carries a maturity date of June 20, 2026, with the total size of the issuance amounting to ZAR 50,000,000, and a minimum investment threshold set at ZAR 1,000,000. Notably, the bond features a 0% interest rate, signifying that it does not provide periodic coupon payments to bondholders; despite the absence of regular interest disbursements, its current market price stands at 100% of its face value, and the indicated payment frequency of '1' points to a single payment event, specifically the principal redemption scheduled at maturity. This instrument therefore represents an investment opportunity in Absa Bank's debt, traded in South African Rand, with the principal repayment scheduled for mid-2026.