Bond Lanka 0% ( LKA18222A149 ) in LKR

Issuer	Lanka
Market price	100 % ⇌
Country	Sri Lanka
ISIN code	LKA18222A149 ( in LKR )
Interest rate	0%
Maturity	14/01/2022 - Bond has expired
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Minimal amount	1 000 000 LKR
Total amount	8 210 000 000 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 sovereign bond, identified by ISIN LKA18222A149 and issued by the Democratic Socialist Republic of Sri Lanka, an emerging market economy situated in South Asia, has successfully concluded its lifecycle, reaching maturity on January 14, 2022, and subsequently repaid. This debt instrument, denominated in Sri Lankan Rupees (LKR), represented a total issuance size of LKR 8,210,000,000, with a minimum investment amount of LKR 1,000,000. Notable for its 0% interest rate, which signifies the absence of periodic coupon payments and is typical of zero-coupon instruments where investor yield is derived from a discount to face value, the bond's 'frequency of payment' of 1 specifically denoted the single principal repayment event at maturity. Upon its final maturity, the bond was redeemed at 100% of its face value, confirming the issuer's fulfillment of its financial obligations for this particular series of government debt.