Bond AbsaCorp 0% ( ZAE000288551 ) in ZAR

Issuer	AbsaCorp
Market price	100 % ⇌
Country	South Africa
ISIN code	ZAE000288551 ( in ZAR )
Interest rate	0%
Maturity	10/07/2025 - Bond has expired
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Detailed description	Absa Group Limited is a leading African financial services group offering banking, wealth, and insurance solutions across twelve countries in Africa, with significant operations in South Africa, and international presence in several key global financial centres. This financial article details the specifics of a recently matured bond issued by Absa Group, identified by the ISIN code ZAE000288551. Absa Group, a prominent financial services provider based in South Africa, stands as one of Africa's largest diversified financial services groups, offering a comprehensive suite of banking, financial, and wealth management products and services to personal, business, and corporate clients across the continent, thereby solidifying its position as a key player in both domestic and international markets. The bond, denominated in South African Rand (ZAR) and issued from South Africa, carried a 0% interest rate and had a payment frequency of 1, indicating it was likely a zero-coupon instrument or one where interest payments ceased, leading to its principal repayment. Maturing on July 10, 2025, this obligation successfully concluded its term, having been fully repaid to bondholders at a reported market price of 100%, which confirms its redemption at par. The successful redemption of this bond on its due date reinforces Absa Group's strong commitment to meeting its financial obligations and upholding its reputation as a reliable and stable issuer within the global debt market.