Bond Lanka 0% ( LKA36421I247 ) in LKR

Issuer	Lanka
Market price	100 % ⇌
Country	Sri Lanka
ISIN code	LKA36421I247 ( in LKR )
Interest rate	0%
Maturity	24/09/2021 - Bond has expired
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Minimal amount	1 000 000 LKR
Total amount	5 862 000 000 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 debt instrument issued by the government of Sri Lanka, identified by the ISIN LKA36421I247, has successfully reached its maturity and been fully redeemed, as confirmed on its maturity date of September 24, 2021. Sri Lanka, an island nation in South Asia, functions as an emerging market economy and is an active sovereign issuer in both domestic and international capital markets, frequently issuing bonds to finance its developmental goals and budgetary needs. The economic stability and fiscal health of the nation are key considerations for investors in its sovereign debt. This specific bond was denominated in Sri Lankan Rupees (LKR) and was structured as a zero-coupon instrument, meaning it did not pay periodic interest; its 'single payment frequency' notation therefore refers to the principal repayment occurring at maturity. The total size of this particular issuance was LKR 5,862,000,000, with a minimum subscription lot size of LKR 1,000,000. At the point of its redemption, the bond's value was precisely at 100% of its par, indicating a successful and complete repayment to all bondholders upon its expiration.