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ItalianoBond AfriBank 5.75% ( ZAG000107228 ) in ZAR
| Issuer | AfriBank |
| Market price | 100 % ⇌ |
| Country |  South Africa
|
| ISIN code |
 ZAG000107228 ( in ZAR )
|
| Interest rate | 5.75% per year ( payment 1 time a year) |
| Maturity | 19/07/2020 - Bond has expired |
|
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible |
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| Minimal amount | 1 000 000 ZAR |
| Total amount | 600 000 000 ZAR |
| Detailed description |
African Bank is a South African retail bank offering various financial products and services, including personal loans, transactional accounts, and credit cards, primarily targeting the underserved market. An analysis of the ZAG000107228 bond, issued by African Bank, a financial institution based in South Africa, details its completed lifecycle as a debt instrument. This ZAR-denominated obligation, featuring an annual interest rate of 5.75% and issued with a total size of ZAR 600,000,000, required a minimum purchase of ZAR 1,000,000. Historically trading at par (100%), the bond reached its maturity date on July 19, 2020, at which point it was fully repaid, concluding its tenure as a market security. |