Bond AbsaCorp 0% ( ZAG000127234 ) in ZAR

Issuer	AbsaCorp
Market price	100 % ⇌
Country	South Africa
ISIN code	ZAG000127234 ( in ZAR )
Interest rate	0%
Maturity	05/06/2020 - Bond has expired
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	1 000 000 ZAR
Total amount	80 312 000 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. This financial article details a bond (ISIN: ZAG000127234) issued by Absa Group, a prominent South African financial services conglomerate headquartered in Johannesburg, recognized as one of Africa's largest diversified financial services providers operating across 12 countries and offering a comprehensive suite of banking, wealth, and insurance solutions. This specific ZAR-denominated bond, issued in South Africa, represented a total issue size of ZAR 80,312,000 and required a minimum purchase of ZAR 1,000,000. Notable for its 0% interest rate and a single payment frequency, implying it was likely a zero-coupon bond with all returns realized at maturity, the instrument reached its maturity date on June 5, 2020, at which point it was redeemed at par, or 100% of its face value, signifying the successful completion of its repayment to investors.