Bond Lanka 0% ( LKA09119J180 ) in LKR

Issuer	Lanka
Market price	100 % ⇌
Country	Sri Lanka
ISIN code	LKA09119J180 ( in LKR )
Interest rate	0%
Maturity	18/10/2019 - Bond has expired
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Minimal amount	1 000 000 LKR
Total amount	3 000 000 000 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 unlisted sovereign bond, identified by ISIN LKA09119J180 and issued by the Democratic Socialist Republic of Sri Lanka, successfully matured and was fully redeemed on October 18, 2019. This particular fixed-income instrument, denominated in Sri Lankan Rupees (LKR), represented a total issuance size of LKR 3,000,000,000 and was accessible to investors with a minimum purchase size of LKR 1,000,000. Structured as a zero-coupon bond, it featured a 0% stated interest rate, implying no periodic interest payments, with investors receiving the par value at maturity; at its redemption, the bond was reported to be reimbursed at 100% of its face value. As the issuer, Sri Lanka, an island nation located in South Asia, has historically engaged in both domestic and international capital markets to finance its development initiatives and budgetary requirements, and the successful completion of this obligation's lifecycle signifies a concluded debt instrument in the sovereign's financial portfolio, underscoring its commitment to meeting its financial obligations to its creditors.