Bond AbsaCorp 0% ( ZAE000288569 ) in ZAR

Issuer	AbsaCorp
Market price	100 % ⇌
Country	South Africa
ISIN code	ZAE000288569 ( in ZAR )
Interest rate	0%
Maturity	09/07/2025 - 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. Absa Group, a leading South African financial services provider operating across the continent and headquartered in Johannesburg, recently completed the scheduled redemption of one of its issued debt instruments. This particular bond, uniquely identified by ISIN ZAE000288569, was denominated in South African Rand (ZAR) and reached its full maturity on July 9, 2025. Characterized by a 0% interest rate and a payment frequency of 1, implying a structure such as a zero-coupon bond where the return is primarily derived from the difference between the purchase price and the face value received at maturity, or a specific issuance where no periodic interest payments were made, the obligation successfully concluded its lifecycle. Upon maturity, the bond was redeemed at 100% of its face value in the market, signifying an orderly and complete repayment to investors as per the terms of the original issuance.