Ecuador - Discount Bond

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Ecuador - Discount Bond

Discount Bond issued under Brady Plan restructuring agreement. 

Issuer: The Republic of Ecuador
Guarantor: None
Issue Size: USD 1,433,612,000
Maturity: February 28, 2025
Interest Rate: 6-month LIBOR plus 13/16%
Coupon Frequency: Semi-annual
Coupon Dates: February 28 & August 28
Day Count: Actual/360
Issue Date: February 27, 1995
Amortisation: None. Bullet at maturity.
Options: Callable at par with accrued interest on coupon dates if no default.
Currency: US Dollar only
Form: Registered securities
Denominations: $250,000 and integral multiples of $1,000
Credit Rating: not rated
Principal Collateral: 30-year zero-coupon US Treasury bonds
Interest Payment Collateral: 12-month rolling interest guarantee

Registered Bonds 

Listing: Luxembourg
Bloomberg Ticker: ECUA
CUSIP: TT3183452
ISIN: XS0055571789
Common Code: 005557178
Wertpapier: 127998
Valoren: 349949