Bond AbsaBanque 0% ( ZAG000190653 ) in ZAR

Issuer	AbsaBanque
Market price	100 % ⇌
Country	South Africa
ISIN code	ZAG000190653 ( in ZAR )
Interest rate	0%
Maturity	20/12/2027
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Minimal amount	1 000 000 ZAR
Total amount	200 000 000 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 financial article provides an overview of a bond issuance (ISIN: ZAG000190653) from Absa Bank, a leading South African financial services group headquartered in Johannesburg, known for its comprehensive banking and financial solutions across Africa. Denominated in South African Rand (ZAR) and issued from South Africa, this debt instrument features a 0% interest rate and a single payment frequency, set to mature on December 20, 2027. The total issue size for this bond stands at ZAR 200,000,000, with a minimum investment threshold of ZAR 1,000,000, and it is currently quoted at 100% of its nominal value in the market.