Bond AbsaCorp 0% ( ZAG000097270 ) in ZAR

Issuer	AbsaCorp
Market price	100 % ⇌
Country	South Africa
ISIN code	ZAG000097270 ( in ZAR )
Interest rate	0%
Maturity	20/06/2017 - Bond has expired
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Minimal amount	1 000 000 ZAR
Total amount	250 000 000 ZAR
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. An analysis of a matured bond issued by Absa Group Limited, a prominent diversified financial services provider headquartered in Johannesburg, South Africa, and one of the largest on the African continent, reveals the successful conclusion of its lifecycle. This specific bond, identified by the ISIN code ZAG000097270 and issued from South Africa, matured on June 20, 2017, having been fully redeemed at 100% of its face value. Denominated in South African Rand (ZAR), the total emission size for this debt instrument was ZAR 250,000,000, with a minimum purchase size set at ZAR 1,000,000, catering to institutional or high-net-worth investors. It is noted that the listed interest rate for this instrument is 0%, indicating that, as of its maturity and redemption, no further interest payments were applicable, or that it functioned as a zero-coupon bond where the return was derived from the discount to its par value at issuance. The specified payment frequency of '1' most likely refers to the singular principal repayment event that occurred upon its maturity, confirming that this obligation has fully matured and all its principal has been repaid to bondholders.