Bond Lanka 0% ( LKA09121C199 ) in LKR

Issuer	Lanka
Market price	100 % ⇌
Country	Sri Lanka
ISIN code	LKA09121C199 ( in LKR )
Interest rate	0%
Maturity	19/03/2021 - Bond has expired
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Minimal amount	1 000 000 LKR
Total amount	7 137 000 000 LKR
Detailed description	Sri Lanka, a teardrop-shaped island nation off India's southern coast, boasts diverse landscapes ranging from lush tea plantations and ancient ruins to pristine beaches and wildlife-rich national parks. A specific debt instrument, the sovereign bond identified by ISIN LKA09121C199, issued by the Democratic Socialist Republic of Sri Lanka, has successfully reached its maturity and been fully repaid. This particular bond, denominated in Sri Lankan Rupees (LKR), was issued by Sri Lanka, a prominent South Asian island nation that consistently utilizes both domestic and international capital markets to finance its governmental operations and development initiatives. A notable characteristic of this issuance was its zero-coupon structure, reflected by a stated interest rate of 0%, indicating that investors acquired the bond at a discount and received the full principal amount at its maturity, rather than periodic interest payments. The total value of this issuance was LKR 7,137,000,000, with a minimum investment threshold set at LKR 1,000,000, making it suitable for institutional investors or high-net-worth individuals. As it approached its final redemption, the bond's market price was recorded at 100% of its face value, signaling its impending full repayment. The instrument officially matured on March 19, 2021, and its subsequent repayment confirms the Sri Lankan government's steadfast commitment to honoring its financial commitments, a crucial factor in maintaining investor confidence and ensuring continued access to capital markets.