Bond AbsaBanque 0% ( ZAG000187410 ) in ZAR

Issuer	AbsaBanque
Market price	100 % ⇌
Country	South Africa
ISIN code	ZAG000187410 ( in ZAR )
Interest rate	0%
Maturity	27/06/2029
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Minimal amount	1 000 000 ZAR
Total amount	1 032 000 000 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 provider headquartered in South Africa, has issued a ZAR-denominated bond, identified by ISIN ZAG000187410, which is currently trading at 100% of its face value on the market, notably featuring a 0% interest rate that suggests it operates as a zero-coupon instrument, forming part of a total issuance size of ZAR 1,032,000,000 with a minimum purchase requirement of ZAR 1,000,000, and is scheduled to mature on June 27, 2029, with a single payment frequency, typically referring to the principal redemption.