Bond Lanka 0% ( LKA36420D240 ) in LKR

Issuer	Lanka
Market price	100 % ⇌
Country	Sri Lanka
ISIN code	LKA36420D240 ( in LKR )
Interest rate	0%
Maturity	24/04/2020 - Bond has expired
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Minimal amount	1 000 000 LKR
Total amount	16 000 000 000 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. An analysis of the Sri Lankan sovereign bond identified by ISIN LKA36420D240 reveals its key characteristics and historical performance. Issued by Sri Lanka, a South Asian island nation whose economy is significantly influenced by tourism, agriculture, and services, this bond represented a direct financial obligation of the sovereign state. Denominated in Sri Lankan Rupees (LKR), the debt instrument was launched with a substantial total issuance size of LKR 16,000,000,000, with institutional or high-net-worth investors typically able to acquire a minimum purchase threshold set at LKR 1,000,000. A distinctive feature of this particular bond was its zero-percent interest rate, indicating its structure as a zero-coupon bond or a similar non-coupon-bearing instrument where returns for investors would have been generated through an initial discount upon purchase, maturing at par. Although a payment frequency of '1' was noted, this effectively referred to the singular principal repayment at maturity given the absence of interim coupon payments. This specific bond reached its scheduled maturity date on April 24, 2020, and was subsequently confirmed as having been fully repaid at 100% of its nominal value, concluding its lifecycle within the capital markets.