Argentina - Par Bond (1993)

Issuer:
The Republic of Argentina
Maturity:
March 31, 2023
Coupon Rate:
USD
4.00%...........................to March 1994
4.25%...........................to March 1995
5.00%...........................to March 1996
5.25%...........................to March 1997
5.50%...........................to March 1998
5.75%...........................to March 1999
6.00%...........................to Maturity
DEM
5.875% Fixed
Coupon Freq:
Semi-annual
Coupon Dates:
May 31 and November 30
Dated:
March 31, 1993
Issue Date:
April 7, 1993
Coupon Payment Dates:
All series: May 31 and November 30
Day Count:
30/360
Call Option:
Callable at par on coupon dates if no default.
Amortization:
Bullet
Issue Size:
USD 12,492,000,000
DEM 284,480,000
Amount Outstanding:
USD 12,492,000,000
DEM 284,480,000
Guarantor:
None
Form:
USD: Registered
DEM: Bearer
Currency:
USD and DEM
Denominations:
USD: $250,000 and integral multiples of $1,000
DEM: 5,000
Credit Rating:
Moody's: B2
S & P's: BB-
Principal Collateral:
USD: secured by 30-year zero-coupon US Treasury bonds held by the collateral agent.
DEM: secured by 30-year KfW or Deutsche Bundespost (Credit Bank for Reconstruction) zero-coupon bonds.
Interest Payment Collateral:
12-month rolling interest payment collateral guarantee. Payment of interest is secured on a "rolling" basis, in an amount equal to 12 months of interest. For non USD denominated bonds, interest is secured by collateral having a value equal to the cost of the collateral for principal and interest for the same type of bonds denominated in USD, less the cost of the collateral securing the principal of the bonds denominated in the foreign currency.
Settlement:
US: physical delivery
Non-US: Euroclear/CEDEL, physical delivery