Bond AbsaCorp 0% ( ZAG000123100 ) in ZAR

Issuer AbsaCorp
Market price 100 %  ⇌ 
Country  South Africa
ISIN code  ZAG000123100 ( in ZAR )
Interest rate 0%
Maturity 05/02/2025 - Bond has expired



Prospectus brochure of the bond Absa Group ZAG000123100 in ZAR 0%, expired


Minimal amount 1 000 000 ZAR
Total amount 1 693 000 000 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 specific fixed-income instrument, identified by the ISIN code ZAG000123100, reveals its recent maturity and full redemption. This obligation was issued by Absa Group, a leading financial services provider headquartered in South Africa, with a significant presence across various banking and wealth management sectors on the African continent. Denominated in South African Rand (ZAR), the bond featured a notable zero percent (0%) interest rate, indicating it was structured either as a zero-coupon instrument or had its interest payments fully concluded. The total issue size for this particular bond reached ZAR 1,693,000,000, with a minimum purchase amount set at ZAR 1,000,000. Its scheduled maturity date was February 5, 2025, on which date the instrument was redeemed at 100% of its principal value. While the payment frequency was noted as '1', consistent with its zero-coupon or matured status, this final principal repayment confirms the successful conclusion of the bond's lifecycle for investors.