Absa Bank is a leading African financial services group offering a range of banking, wealth, and insurance solutions across various countries, primarily in Africa.
Absa Bank, a leading South African financial services group, has successfully concluded the lifecycle of its ZAG000163320 bond, a ZAR-denominated debt instrument issued from South Africa, which officially matured and was fully redeemed on October 14, 2024, at its 100% market price; this obligation, with a total issuance size of ZAR 1,000,000,000 and a minimum purchase threshold of ZAR 1,000,000, carried a 0% interest rate and a stated payment frequency of 1, confirming its complete and timely repayment.
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