Bond Lanka 0% ( LKA18220B216 ) in LKR

Issuer	Lanka
Market price	100 % ⇌
Country	Sri Lanka
ISIN code	LKA18220B216 ( in LKR )
Interest rate	0%
Maturity	21/02/2020 - Bond has expired
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Minimal amount	1 000 000 LKR
Total amount	1 542 000 000 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. A specific sovereign debt instrument, identified by ISIN LKA18220B216 and issued by the Democratic Socialist Republic of Sri Lanka, reached its maturity date on February 21, 2020, and has subsequently been fully redeemed at its par value of 100%, signifying the successful fulfillment of its issuer's financial commitments. This particular bond, denominated in Sri Lankan Rupees (LKR), was structured as a zero-coupon obligation, meaning investors did not receive periodic interest disbursements but instead acquired the bond at a discount, expecting to be repaid its full face value upon maturity. The total issuance size for this bond amounted to LKR 1,542,000,000, with a minimum purchasable unit set at LKR 1,000,000. Sri Lanka, as the issuing sovereign, is an emerging market nation strategically located in South Asia, actively engaging with both domestic and international capital markets to finance its fiscal requirements, infrastructure development, and overall economic growth. The timely and complete reimbursement of this LKR-denominated bond demonstrates Sri Lanka's adherence to its debt servicing obligations and plays a crucial role in maintaining investor confidence in its fiscal management and its capacity to honor its commitments within the sovereign debt landscape.