Bond Lanka 0% ( LKA36421C125 ) in LKR

Issuer	Lanka
Market price	100 % ⇌
Country	Sri Lanka
ISIN code	LKA36421C125 ( in LKR )
Interest rate	0%
Maturity	12/03/2021 - Bond has expired
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Minimal amount	1 000 000 LKR
Total amount	16 000 000 000 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. A specific debt instrument issued by the government of Sri Lanka, identified by ISIN LKA36421C125, has successfully reached its maturity and been fully repaid. The sovereign issuer, Sri Lanka, a South Asian island nation, leverages such bond issuances to fund its national development and operational requirements, with its economic stability and creditworthiness influencing investor confidence. This particular bond, denominated in Sri Lankan Rupees (LKR), was notably structured as a zero-coupon instrument, featuring a 0% interest rate, meaning investors received no periodic interest payments but were compensated through the full principal repayment at maturity. The total issuance size for this bond was LKR 16,000,000,000, with a minimum purchase size set at LKR 1,000,000 per investor. The bond reached its scheduled maturity on March 12, 2021, at which point its market value was 100% of its face value, confirming the complete redemption of the principal amount to bondholders, aligning with its single payment frequency characteristic at maturity.