Bond AbsaCorp 0% ( ZAG000146747 ) in ZAR

Issuer	AbsaCorp
Market price	100 % ⇌
Country	South Africa
ISIN code	ZAG000146747 ( in ZAR )
Interest rate	0%
Maturity	14/09/2018 - Bond has expired
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Minimal amount	1 000 000 ZAR
Total amount	250 000 000 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. An analysis of a specific fixed-income instrument, ISIN ZAG000146747, reveals it was a bond issued by Absa Group, a prominent South African financial services provider headquartered in Johannesburg, distinguishing itself as one of Africa's largest diversified financial services entities by offering a comprehensive range of banking, financial, and insurance products across retail, corporate, and investment banking, as well as wealth management, with operations extending across several African countries. This particular obligation, denominated in South African Rand (ZAR), featured a zero-interest rate, meaning it did not provide periodic coupon payments but rather a single principal payment upon its maturity; the total issuance size for this bond was ZAR 250,000,000, with a minimum purchase amount of ZAR 1,000,000. Originating from South Africa, this instrument matured on September 14, 2018, at which point it was successfully repaid to investors at 100% of its face value, confirming its completed lifecycle.