Bond Lanka 0% ( LKA18222I308 ) in LKR

Issuer	Lanka
Market price	100 % ⇌
Country	Sri Lanka
ISIN code	LKA18222I308 ( in LKR )
Interest rate	0%
Maturity	30/09/2022 - Bond has expired
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Minimal amount	1 000 000 LKR
Total amount	5 000 000 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. An examination of the sovereign debt market reveals the specific case of a sovereign bond, an LKR-denominated instrument issued by Sri Lanka, an island nation in South Asia recognized as an emerging market. Sri Lanka, which has navigated various economic phases and, more recently, has been in the global spotlight for its macroeconomic challenges and debt restructuring efforts, consistently engages with international capital markets through the issuance of sovereign debt instruments. This particular bond, identified by its ISIN LKA18222I308, had a total issue size of LKR 5,000,000, with a minimum purchase size set at LKR 1,000,000. Notably, the bond featured a 0% interest rate and a payment frequency of one, indicating a structure where returns were likely derived from capital appreciation at redemption, typical of a zero-coupon bond, or simply a principal repayment instrument. The bond reached its scheduled maturity date on September 30, 2022. The successful redemption of this instrument at its full face value on its maturity date confirmed the fulfillment of this specific debt obligation by the issuer.