Bond Lanka 0% ( LKA09121A151 ) in LKR

Issuer	Lanka
Market price	100 % ⇌
Country	Sri Lanka
ISIN code	LKA09121A151 ( in LKR )
Interest rate	0%
Maturity	15/01/2021 - Bond has expired
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Minimal amount	1 000 000 LKR
Total amount	1 600 000 000 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. This financial instrument, identified by ISIN LKA09121A151, was a sovereign bond issued by Sri Lanka, a developing nation located in South Asia, which regularly accesses international debt markets to finance its developmental and budgetary requirements. Denominated in Sri Lankan Rupees (LKR), the total issue size for this particular bond stood at LKR 1,600,000,000, with a minimum investment threshold set at LKR 1,000,000. Characterized by a 0% interest rate, it functioned as a zero-coupon bond, meaning investors purchased it at a discount and received the full principal amount upon maturity, rather than periodic interest payments. Its quoted market price at the time of its conclusion was 100% of par. The bond successfully reached its maturity date on January 15, 2021, and has since been fully repaid, confirming its complete redemption and the fulfillment of the issuer's obligations.