Bond Lanka 0% ( LKA36420D109 ) in LKR

Issuer	Lanka
Market price	100 % ⇌
Country	Sri Lanka
ISIN code	LKA36420D109 ( in LKR )
Interest rate	0%
Maturity	10/04/2020 - Bond has expired
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Minimal amount	1 000 000 LKR
Total amount	15 000 000 000 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. Details have emerged regarding a specific sovereign bond issued by the Democratic Socialist Republic of Sri Lanka, identified by ISIN LKA36420D109, which successfully matured and was fully redeemed on April 10, 2020. As the issuer and country of issuance, Sri Lanka, a South Asian island nation, regularly engages with domestic and international capital markets to manage its public finances and fund various development initiatives. This particular fixed-income instrument, denominated in Sri Lankan Rupees (LKR), represented a total issuance size of LKR 15,000,000,000. Notably, it was structured as a zero-coupon bond, signifying that it did not offer periodic interest payments throughout its tenor; instead, investors would have typically acquired the bond at a discount to its face value, with the expectation of receiving the full principal amount at maturity, a value confirmed at 100% upon its reimbursement. The minimum investment threshold for this bond was set at LKR 1,000,000, suggesting a focus on larger institutional or qualified investors. Upon reaching its maturity date on April 10, 2020, this bond was fully repaid, ensuring that all bondholders received their invested principal.