Absa Group Limited, founded in 1991 and headquartered in Johannesburg, South Africa, serves as a leading financial services provider focused on retail and corporate banking. The group offers a wide range of products including personal and business banking, insurance, investment services, and wealth management.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| ABGSJ 6.63% 2036-06-08 USDAbsa Group Limited | South Africa | 2036-06-08 | 6.625 | 6.33 |
| ABGSJ 8.78% 2030-05-17 ZARAbsa Group Limited | South Africa | 2030-05-17 | 8.780 | 30.77 |
| ABGSJ 9.08% 2032-09-16 ZARAbsa Group Limited | South Africa | 2032-09-16 | 9.080 | 27.53 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Absa Group has a strong presence in the bond market, having issued its inaugural bond in 1999. Notably, in recent years, the company has launched green bonds aimed at financing sustainable initiatives, reflecting its commitment to environmentally conscious practices. Current yields on Absa’s bonds are competitive compared to industry peers, with features such as call options enhancing their attractiveness to investors. In 2021, Absa made headlines with one of the largest issuances in the South African market, raising substantial capital to support its growth strategies.