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ItalianoBond AbsaCorp 0% ( ZAM000159714 ) in ZAR
| Issuer | AbsaCorp |
| Market price | 100 % ⇌ |
| Country |  South Africa
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| ISIN code |
 ZAM000159714 ( in ZAR )
|
| Interest rate | 0% |
| Maturity | 15/01/2016 - 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 the bond market reveals the specifics of a debt instrument issued by Absa Group Limited, a prominent South African financial services conglomerate with extensive operations across the continent and a significant presence in retail, corporate, and investment banking. This particular bond, bearing ISIN code ZAM000159714, was denominated in South African Rand (ZAR) and originated from South Africa. Notably, the instrument was characterized by a 0% interest rate, indicating its structure as a zero-coupon bond, which typically implies it was issued at a discount to its face value and redeemed at par. With a payment frequency of one, the bond reached its full maturity on January 15, 2016, at which point it was redeemed at 100% of its face value, confirming its successful completion and repayment to investors. |