Bond AbsaCorp 4.953% ( ZAG000176769 ) in ZAR

Issuer	AbsaCorp
Market price	100 % ⇌
Country	South Africa
ISIN code	ZAG000176769 ( in ZAR )
Interest rate	4.953% per year ( payment 1 time a year)
Maturity	25/11/2021 - Bond has expired
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
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. A specific debt instrument, identified by the ISIN ZAG000176769, issued by Absa Group, has officially reached its maturity and undergone full redemption, signifying the successful conclusion of its financial lifecycle. This bond, originating from South Africa and denominated in South African Rand (ZAR), carried a fixed interest rate of 4.953% and represented a total issuance size of ZAR 250,000,000, with a minimum investment unit set at ZAR 1,000,000. Absa Group, the issuer of this bond, is a prominent diversified financial services group headquartered in Johannesburg, South Africa, and stands as one of Africa?s largest financial services providers, boasting a significant operational footprint across 12 countries on the continent. The group offers an extensive array of financial products and services, encompassing retail and business banking, corporate and investment banking, wealth management, and insurance, playing a crucial role in the economic stability and development of the region through its adherence to stringent regulatory frameworks. The bond officially matured on November 25, 2021, and was redeemed at its par value, consistent with a current market price of 100%, indicating that all principal and accrued interest obligations were met in full at the designated time, concluding its tenure as a marketable security.