Bond AbsaBanque 0% ( ZAG000186321 ) in ZAR

Issuer	AbsaBanque
Market price	100 % ⇌
Country	South Africa
ISIN code	ZAG000186321 ( in ZAR )
Interest rate	0%
Maturity	28/02/2031
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	32 000 000 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. A detailed examination of a specific debt instrument reveals the issuance of a bond, identified by the ISIN ZAG000186321, originating from Absa Bank, a leading and diversified financial services group with its roots firmly established in South Africa, operating across the African continent and providing a comprehensive suite of retail, business, corporate, investment, and wealth management solutions; this particular obligation, denominated in South African Rand (ZAR) and presently trading at its face value of 100% on the market, signifies a total issuance size of ZAR 32,000,000, with a minimum investment requirement set at ZAR 1,000,000, catering primarily to institutional or sophisticated investors; notably, this bond carries a 0% interest rate and a payment frequency of 1, characteristic of a zero-coupon instrument where the investor's return is realized solely through the difference between its purchase price and its par value upon redemption, with the principal repayment occurring entirely at its maturity date of February 28, 2031, thereby positioning it as a long-term, pure discount investment within the South African debt capital markets.