Bond AbsaCorp 0% ( ZAM000158559 ) in ZAR

Issuer	AbsaCorp
Market price	100 % ⇌
Country	South Africa
ISIN code	ZAM000158559 ( in ZAR )
Interest rate	0%
Maturity	08/01/2016 - Bond has expired
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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 the fixed-income market highlights a specific bond, identified by ISIN ZAM0001559, issued by Absa Group. Absa Group Limited is a prominent pan-African financial services group headquartered in Johannesburg, South Africa, operating across various segments including retail and business banking, corporate and investment banking, wealth management, and insurance. As one of the largest and most diversified financial institutions on the continent, Absa's debt instruments are closely monitored by investors interested in the South African and broader emerging market economies. This particular bond, denominated in South African Rand (ZAR) and issued within South Africa, was characterized by a 0% interest rate, indicating it was a zero-coupon instrument where no periodic interest payments were made to bondholders; instead, the investment was structured for a single repayment of the principal amount upon maturity. With a maturity date of January 8, 2016, and a final payment frequency of one, this bond has since successfully reached its scheduled maturity and been fully redeemed at 100% of its face value, fulfilling the issuer's obligations to its investors.