Bond AbsaCorp 2.25% ( ZAG000145632 ) in ZAR

AbsaCorp

100 % ⇌

South Africa

ZAG000145632 ( in ZAR )

2.25% per year ( payment 1 time a year)

31/01/2038

Prospectus brochure of the bond Absa Group ZAG000145632 en ZAR 2.25%, maturity 31/01/2038

1 000 000 ZAR

140 000 000 ZAR

31/01/2026 ( In 184 days )

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 specific debt instrument identified by its ISIN ZAG000145632, issued by Absa Group, a prominent and diversified financial services provider headquartered in South Africa. Absa Group is recognised as one of Africa's largest financial services organisations, offering a wide array of banking and financial products and services across retail, corporate, and investment banking sectors, serving millions of customers primarily across South Africa and the African continent, thereby representing a significant entity in the regional financial landscape. The bond, originating from the South African financial markets, is denominated in South African Rand (ZAR) and carries an annual interest rate, or coupon, of 2.25%. With a long-term outlook, its maturity date is set for January 31, 2038, providing a significant tenor for investors. Interest payments on this bond are scheduled to occur annually, establishing a regular income stream for holders. The total size of this particular bond issuance amounts to ZAR 140,000,000, indicating a substantial market presence. For potential investors, a minimum purchase size of ZAR 1,000,000 is stipulated, defining the accessibility threshold for participation in this issuance. The bond is currently trading at 100% of its par value in the market, reflecting its pricing at face value at the time of assessment.