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ItalianoBond AbsaCorp 11.4% ( ZAG000129966 ) in ZAR
| Issuer | AbsaCorp | ||
| Market price |  100 % ⇌ |
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| Country |  South Africa
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| ISIN code |
 ZAG000129966 ( in ZAR )
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| Interest rate | 11.4% per year ( payment 1 time a year) | ||
| Maturity | 29/09/2025 | ||
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| Minimal amount | 1 000 000 ZAR | ||
| Total amount | 288 000 000 ZAR | ||
| Next Coupon | 29/09/2025 ( In 60 days ) | ||
| 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 the fixed-income market reveals details on a specific bond issue, identified by its ISIN ZAG000129966, originating from South Africa. The issuer of this debt instrument is Absa Group, a leading pan-African financial services group with a strong presence in South Africa, offering a diverse range of banking, insurance, and wealth management products and services across multiple countries on the continent. This particular bond, denominated in South African Rand (ZAR), is currently observed trading at its par value, or 100% of its face value, in the market. It offers a competitive annual interest rate of 11.4% to investors. The total volume of this issuance amounts to ZAR 288,000,000, with a minimum investment threshold set at ZAR 1,000,000 per purchase. The bond is scheduled to reach its maturity on September 29, 2025, with interest payments being disbursed on an annual frequency. |
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