Argentina Par Bond (Brady 1993)
Par Bond issued under the Argentine Brady Plan restructuring agreement. Par Bonds are 30-year registered USD and DEM denominated bonds. The principal and interest collateral structure is identical to the Discount Bond. The Republic of Argentina may redeem Par Bonds, in whole or in part, on any coupon date, provided that any partial redemption be made on a pro rata basis.
Series: DM, L-GP, U
Read more: Argentina - Par Bond (1993)
Past Due Interest Floating Rate Bonds (1993)
Floating Rate Past Due Interest Bonds issued under the Argentine Brady Plan. The bonds are not eligible for tendering in Argentine privatizations. The bonds were issued in Bearer and Registered securities form. Argentine Past Due Interest bonds consist of the following structure:
Interest payments through December 31, 1991
- Accrued and unpaid interest on principal
- Interest on interest accrued and unpaid
- Interest on principal
Interest payments starting in 1992
The 1992 Argentine Financing Plan, permitted Argentina to exchange PDI for the following package:
USD $400 million in cash
USD $300 million Medium Term Argentine Zero Coupon bonds fully collateralized by US government obligations
USD $9.8 billion in floating rate, non-collateralized, USD denominated, amortizing bonds.
Read more: Argentina - Past Due Interest Bonds (1993)