Absa Bank, founded in 1991 and headquartered in Johannesburg, South Africa, operates with the purpose of providing comprehensive financial solutions to individuals, businesses, and corporate clients. The bank is part of the Absa Group, which offers a broad range of products including retail banking, investment services, and insurance solutions.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| ASASJ 7.75% 2025-02-14 ZARAbsa Bank | South Africa | 2025-02-14 | 7.753 | 0.00 |
| ASASJ 7.93% 2027-02-14 ZARAbsa Bank | South Africa | 2027-02-14 | 7.933 | 7.47 |
| ASASJ 8.51% 2029-10-17 ZARAbsa Bank | South Africa | 2029-10-17 | 8.508 | 7.86 |
| ASASJ 8.80% 2026-09-11 ZARAbsa Bank | South Africa | 2026-09-11 | 8.800 | 7.74 |
| ASASJ 9.42% 2026-09-15 ZARAbsa Bank | South Africa | 2026-09-15 | 9.422 | 7.44 |
| ASASJ 9.48% 2026-04-05 ZARAbsa Bank | South Africa | 2026-04-05 | 9.480 | 7.53 |
| ASASJ 9.61% 2029-02-06 ZARAbsa Bank | South Africa | 2029-02-06 | 9.607 | 7.66 |
| ASASJ 9.70% 2028-06-28 ZARAbsa Bank | South Africa | 2028-06-28 | 9.700 | 7.59 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Absa Bank began issuing bonds to raise capital in the late 1990s, establishing a significant presence in the South African bond market. Notably, the bank's debut bond issuance in 1998 raised substantial funds to support its growth strategy. As of 2023, Absa’s current yields on various bond offerings are competitive within the industry, reflecting a strong credit rating and investor confidence. The bank also offers innovative features in some of its bond products, such as sustainability-linked bonds, catering to the growing demand for responsible investing.