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ItalianoBond AbsaCorp 0% ( ZAG000096892 ) in ZAR
| Issuer | AbsaCorp |
| Market price | 100 % ⇌ |
| Country |  South Africa
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| ISIN code |
 ZAG000096892 ( in ZAR )
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| Interest rate | 0% |
| Maturity | 15/09/2015 - Bond has expired |
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Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible |
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| Minimal amount | / |
| Total amount | / |
| 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. The ZAG000096892 bond, issued by Absa Group, successfully matured on September 15, 2015, and has since been fully repaid, providing a clear example of a low-risk investment outcome. This South African Rand (ZAR) denominated security, originating from South Africa, was structured as a zero-coupon bond, evidenced by its 0% interest rate, meaning investors received a single principal payment equivalent to 100% of its nominal value upon its maturity, in line with its payment frequency. Absa Group, a prominent pan-African financial services provider headquartered in Johannesburg, South Africa, offers a comprehensive suite of banking and financial products across retail, wholesale, and investment banking, as well as wealth management, solidifying its position as a key player in the continent's financial landscape and reinforcing the reliability of its debt instruments. |