Bond Lanka 0% ( LKA18220J094 ) in LKR

Issuer	Lanka
Market price	100 % ⇌
Country	Sri Lanka
ISIN code	LKA18220J094 ( in LKR )
Interest rate	0%
Maturity	08/10/2020 - Bond has expired
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Minimal amount	1 000 000 LKR
Total amount	7 000 000 000 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. Sri Lankan Sovereign Bond (ISIN: LKA18220J094) Successfully Matures and Repays The sovereign nation of Sri Lanka, an emerging economy located in South Asia, recently fulfilled its obligations concerning a domestically issued bond, ISIN LKA18220J094, which successfully matured and was fully repaid. This particular debt instrument, classified as a bond, was issued by the Sri Lankan government in its local currency, the Sri Lankan Rupee (LKR). Identified by its unique ISIN LKA18220J094, this bond carried a distinctive characteristic of a 0% interest rate, indicating it was structured as a zero-coupon obligation where investors typically realize returns through a discount at issuance rather than periodic interest payments. The total size of this particular issuance amounted to LKR 7,000,000,000, signifying a substantial component within the nation's domestic debt portfolio. Individual investors or institutions were able to participate in this offering with a minimum purchase size of LKR 1,000,000. The bond reached its scheduled maturity date on October 8, 2020. At the time of its maturity, the instrument was observed to be trading at 100% of its par value on the market, a clear indicator that the principal amount was fully redeemed by the issuer. The successful repayment of this bond underscores Sri Lanka's commitment to honoring its financial obligations to domestic creditors.