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ItalianoBond AbsaCorp 0% ( ZAM000154426 ) in ZAR
| Issuer | AbsaCorp |
| Market price | 100 % ⇌ |
| Country |  South Africa
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| ISIN code |
 ZAM000154426 ( in ZAR )
|
| Interest rate | 0% |
| Maturity | 02/12/2014 - Bond has expired |
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Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible |
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| Minimal amount | / |
| Total amount | / |
| 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 financial instrument, identified by its ISIN code ZAM000154426, reveals it to be a bond issued by Absa Group in South Africa. Absa Group, a prominent diversified financial services provider headquartered in Johannesburg, South Africa, operates across 12 African countries and maintains representative offices in key global financial centers like London and New York, offering a comprehensive suite of banking, wealth management, and insurance products. This particular obligation, denominated in South African Rand (ZAR), was notably structured as a zero-coupon instrument, as evidenced by its stated 0% interest rate and single payment frequency, implying investors received their return through the difference between the purchase price and the full face value at maturity. The bond reached its scheduled maturity date on December 2, 2014, at which point it was fully redeemed at 100% of its face value, confirming its successful settlement. |