Issuer:
The Republic of Ecuador
Guarantor:
None
Issue Size:
USD 1,247,584,000
Maturity:
February 27, 2015
Interest Rate:
6-month LIBOR plus 13/16%
The difference between a minimum coupon and L + 13/16% may be capitalised
during the first six years at Ecuador's option:
Years 1 & 2:.......................3% minimum coupon
Years 3 & 4:.......................3 1/4% minimum coupon
Years 5 & 6:.......................3 3/4% minimum coupon
Coupon Frequency:
Semi-annual
Coupon Dates:
February 28 & August 28
Day Count:
Actual/360
Issue Date:
February 27, 1995
Amortisation:
Repayable in 21 unequal semi-annual installments beginning February 27, 2004
Installments 1 to 6: ..........................2 1/2% of principal
Installments 7 to 12: ........................4% of principal
Installment 13 to 21: ........................6.78% of principal
Options:
Callable at par with accrued interest on coupon dates if no default.
Currency:
US Dollar only
Form:
Bearer and registered securities
Denominations:
$250,000 and integral multiples thereof
Credit Rating:
not rated
Principal Collateral:
None
Interest Payment Collateral:
None