Panama - Past Due Interest Bond (Brady PDI)
Panama - Past Interest Due Bond
Past Interest Due Bond issued under the Brady Plan restructuring agreement.
|Issuer:||The Republic of Panama|
|Issue Size:||USD 1,500,000,000 (estimated)|
|Interest Rate:||6-month LIBOR plus 13/16%
During years 1 to 6 a portion of interest due between 4% and L+13/16
may be capitalized at the option of the Republic.
|Issue Date:||Expected during 1995|
|Amortisation:||Repayable in 21 equal semi-annual installments beginning 10 years after issuance.
Installments 1 to 8.............................2% of principal
|Options:||Callable at par with accrued interest on coupon dates if no default.|
|Currency:||US Dollar only|
|Denominations:||$250,000 and multiples thereafter|
|Credit Rating:||Not rated|
|Interest Payment Collateral:||None|