Bond Lanka 0% ( LKA36421B192 ) in LKR

Issuer	Lanka
Market price	100 % ⇌
Country	Sri Lanka
ISIN code	LKA36421B192 ( in LKR )
Interest rate	0%
Maturity	18/02/2021 - Bond has expired
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Minimal amount	1 000 000 LKR
Total amount	14 250 000 000 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. This article provides an informative overview of a specific fixed-income instrument issued by the Democratic Socialist Republic of Sri Lanka, a sovereign entity in South Asia. Sri Lanka, as an emerging market issuer, utilizes debt instruments to finance its national development goals and public expenditures, with its economic stability and fiscal policies being key considerations for international investors. The bond in question, identified by the International Securities Identification Number (ISIN) LKA36421B192, was a zero-coupon obligation, denoted by its 0% interest rate, and was denominated in Sri Lankan Rupees (LKR). The total issue size for this particular bond was LKR 14,250,000,000, with a minimum investment threshold set at LKR 1,000,000. Originally issued with a payment frequency of one, indicating a single principal repayment at the end of its term, this bond reached its scheduled maturity date on February 18, 2021. At its maturity, the market price of the bond was recorded at 100% of its face value. It is important to note that this obligation has successfully matured and has been fully redeemed, concluding its lifecycle as a debt instrument.