Ecuador - Past Due Interest Bond

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Ecuador - Past Due Interest Bond

Past Due Interest issued under the Brady Plan restructuring agreement in Registered and Bearer securities form.

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

Bearer Bonds 

Listing:
Luxembourg
Bloomberg Ticker:
ECUA
CUSIP:
TT3183486
ISIN:
XS0055571193
Common Code:
005557119
Wertpapier:
128050
Valoren:
351184
France:
822707

Registered Bonds 

CUSIP:
TT3208390
ISIN:
XS0055571433
Common:
005557143