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ItalianoBond AbsaCorp 7.525% ( ZAG000146002 ) in ZAR
| Issuer | AbsaCorp | ||
| Market price |  100 % ⇌ |
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| Country |  South Africa
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| ISIN code |
 ZAG000146002 ( in ZAR )
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| Interest rate | 7.525% per year ( payment 1 time a year) | ||
| Maturity | 14/08/2029 | ||
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| Minimal amount | 1 000 000 ZAR | ||
| Total amount | 390 000 000 ZAR | ||
| Next Coupon | 14/08/2025 ( In 14 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. Identified by ISIN ZAG000146002, this bond is issued by Absa Group, a prominent South African financial services conglomerate with extensive operations across the African continent, offering a comprehensive suite of banking, wealth management, and insurance solutions. Denominated in South African Rand (ZAR), the instrument is currently trading at its par value of 100%, reflecting its nominal price. It features an annual interest rate of 7.525%, with income payments scheduled once per year, and has a total issuance size of ZAR 390,000,000. Investors looking to acquire this bond face a minimum purchase requirement of ZAR 1,000,000, with the instrument reaching its maturity on August 14, 2029, at which point the principal will be repaid. |
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