Bond AbsaBanque 0% ( ZAG000190893 ) in ZAR

Issuer	AbsaBanque
Market price	100 % ⇌
Country	South Africa
ISIN code	ZAG000190893 ( in ZAR )
Interest rate	0%
Maturity	31/01/2030
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Minimal amount	1 000 000 ZAR
Total amount	100 000 000 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 financial instrument currently drawing attention in the South African debt market is a bond identified by its ISIN ZAG000190893, issued by Absa Bank. Absa Bank Limited, headquartered in Johannesburg, South Africa, is one of Africa's largest diversified financial services groups, boasting a significant presence across 12 African countries and offices in London and New York, offering a comprehensive suite of banking and financial products including retail, corporate, and investment banking. This specific bond, originating from South Africa, carries a maturity date of January 31, 2030, establishing it as a long-term debt instrument. The total issuance size is reported at 100,000,000 South African Rand (ZAR), with a minimum acquisition size set at 1,000,000 ZAR, indicating its target audience primarily as institutional investors or high-net-worth individuals. The bond's current market price stands at 100% of its par value, denominated in ZAR. A distinctive feature of this obligation is its reported interest rate of 0%, which, when coupled with its current par pricing, suggests a financial instrument whose return mechanism is likely not coupon-based, potentially implying a zero-coupon structure where the return would typically be realized through capital appreciation from an initial discount, or a highly specific structured product. The stated payment frequency is 1, which for a traditional coupon bond would denote annual disbursements, though its relevance in a zero-interest context may point to other structural or administrative periodicities.