Bond Lanka 0% ( LKA09119K154 ) in LKR

Issuer	Lanka
Market price	100 % ⇌
Country	Sri Lanka
ISIN code	LKA09119K154 ( in LKR )
Interest rate	0%
Maturity	15/11/2019 - Bond has expired
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Minimal amount	1 000 000 LKR
Total amount	2 687 000 000 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. The Sri Lankan government, a sovereign issuer from the South Asian island nation known for its developing economy reliant on tourism, textiles, and agriculture, recently oversaw the successful maturity and repayment of one of its debt instruments. Identified by ISIN LKA09119K154, this particular bond, denominated in Sri Lankan Rupees (LKR), reached its scheduled maturity date on November 15, 2019. Part of a total issuance valued at LKR 2,687,000,000, the bond was characterized by a stated interest rate of 0%, strongly implying its structure as a zero-coupon bond, where the investor's return is generated from purchasing the instrument at a discount and receiving the full face value at maturity. The market price at the time of maturity was confirmed at 100%, indicating the bond was repaid at par. With a minimum purchase size set at LKR 1,000,000 and a payment frequency noted as '1', the bond's lifecycle concluded as anticipated, with the issuer fulfilling its financial obligation by repaying the principal to bondholders.