Bond AbsaBanque 0% ( ZAG000185281 ) in ZAR

Issuer	AbsaBanque
Market price	100 % ⇌
Country	South Africa
ISIN code	ZAG000185281 ( in ZAR )
Interest rate	0%
Maturity	14/04/2027
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Minimal amount	1 000 000 ZAR
Total amount	100 000 000 ZAR
Detailed description	Absa Bank is a leading African financial services group offering a range of banking, wealth, and insurance solutions across various countries, primarily in Africa. A detailed analysis focuses on a specific debt instrument issued by Absa Bank, identified by the ISIN code ZAG000185281. Absa Bank, a prominent financial services group headquartered in South Africa, operates across multiple African nations, offering a comprehensive range of retail, business, corporate, and investment banking products and services. This bond, issued within South Africa and denominated in South African Rand (ZAR), represents a total issue size of ZAR 100,000,000. Despite its stated 0% interest rate, a characteristic often associated with zero-coupon instruments, its current market price stands at 100% of its nominal value, indicating it trades at par. The bond is set to mature on April 14, 2027, with investors anticipating a single principal repayment upon maturity. A minimum purchase size of ZAR 1,000,000 applies to this offering.