Bond AbsaCorp 8.36% ( ZAG000171364 ) in ZAR

Issuer	AbsaCorp
Market price	100 % ⇌
Country	South Africa
ISIN code	ZAG000171364 ( in ZAR )
Interest rate	8.36% per year ( payment 1 time a year)
Maturity	21/12/2026
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Minimal amount	1 000 000 ZAR
Total amount	15 000 000 ZAR
Next Coupon	21/12/2025 ( In 143 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 instrument, identified by its ISIN Code ZAG000171364, represents a bond offering from Absa Group, a prominent financial services provider based in South Africa. Absa Group is one of Africa's largest diversified financial services groups, offering a comprehensive range of retail, business, corporate, and investment banking, as well as wealth management products and services. Headquartered in Johannesburg, South Africa, Absa operates in various African countries, serving millions of customers and playing a significant role in the continent's financial landscape, having evolved from its historical roots and established itself as a major independent banking entity. This particular bond, issued in South African Rand (ZAR), carries a fixed interest rate of 8.36% and is currently quoted at its par value of 100% in the market. The bond is set to mature on December 21, 2026, with interest payments scheduled to occur annually. The total size of this issuance is ZAR 15,000,000, with a minimum investment threshold set at ZAR 1,000,000, making it accessible to institutional investors and high-net-worth individuals seeking exposure to the South African fixed-income market through a reputable issuer.