Bond AbsaCorp 11.74% ( ZAG000138801 ) in ZAR
Issuer | AbsaCorp | ||
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ISIN code |
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Interest rate | 11.74% per year ( payment 1 time a year) | ||
Maturity | 20/08/2026 | ||
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Minimal amount | 1 000 000 ZAR | ||
Total amount | 1 510 000 000 ZAR | ||
Next Coupon | 20/08/2025 ( In 20 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. This financial analysis focuses on a specific debt instrument, identified by ISIN ZAG000138801, issued by Absa Group. Absa Group Limited is a prominent diversified financial services group headquartered in South Africa, providing a comprehensive range of personal and business banking, corporate and investment banking, wealth management, and insurance solutions across the African continent, underscoring its significant presence in the region's financial sector. This particular bond, issued in South Africa, currently trades at 100% of its face value, reflecting its market valuation at par. Denominated in South African Rand (ZAR), the bond offers a fixed annual interest rate of 11.74%. The total size of this particular bond issuance stands at 1,510,000,000 ZAR, with a minimum purchase size set at 1,000,000 ZAR, catering to institutional or larger individual investors. The bond is scheduled to mature on August 20, 2026, at which point the principal amount will be repaid to bondholders. Interest payments are structured to occur annually, providing investors with regular income streams over the life of the bond. |