Brazil - Discount Z Bond

Discount Z Bond (1994)

Discount Z Bond ossued under the Brady Plan restructuring agreement in Bearer and Registered securities form. Eligible for tendering in privatisation programme at face value. Brazil can repurchase the bonds in the market 2 1/2 years after issue.
Tranches: Z-L (Benchmark), YL3, DBL3, DBL4
Tranche YL4, Z-U never issued never issued as subscriptions failed to reach the minimum amount of USD 100Million.