Bond Lanka 0% ( LKA18220A176 ) in LKR

Issuer	Lanka
Market price	100 % ⇌
Country	Sri Lanka
ISIN code	LKA18220A176 ( in LKR )
Interest rate	0%
Maturity	17/01/2020 - Bond has expired
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Minimal amount	1 000 000 LKR
Total amount	4 000 000 000 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. This financial article details a specific debt instrument issued by the Democratic Socialist Republic of Sri Lanka, a sovereign entity frequently engaging with both domestic and international capital markets to support its economic development and fiscal requirements. The bond, identified by ISIN code LKA18220A176, was denominated in the Sri Lankan Rupee (LKR) and was structured as a zero-coupon instrument, meaning it bore a 0% interest rate and did not provide periodic coupon payments; instead, investors were expected to realize returns from the discount at which it was initially purchased relative to its par value at maturity. The total size of this particular issuance was LKR 4,000,000,000, with a minimum investment threshold of LKR 1,000,000. This obligation successfully reached its maturity date on January 17, 2020, and was subsequently repaid in full at its nominal value, which is reflected by its 100% market price at the point of redemption. The lifecycle of this bond has concluded, having been fully discharged by the issuer.