Ecuador - Past Due Interest Bond
Ecuador - Past Due Interest Bond
Past Due Interest issued under the Brady Plan restructuring agreement in Registered and Bearer securities form.
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Issuer:
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The Republic of Ecuador
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Guarantor:
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None
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Issue Size:
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USD 1,247,584,000
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Maturity:
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February 27, 2015
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Interest Rate:
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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 |
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Coupon Frequency:
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Semi-annual
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Coupon Dates:
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February 28 & August 28
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Day Count:
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Actual/360
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Issue Date:
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February 27, 1995
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Amortisation:
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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 |
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Options:
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Callable at par with accrued interest on coupon dates if no default.
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Currency:
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US Dollar only
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Form:
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Bearer and registered securities
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Denominations:
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$250,000 and integral multiples thereof
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Credit Rating:
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not rated
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Principal Collateral:
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None
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Interest Payment Collateral:
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None
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Bearer Bonds
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Listing:
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Luxembourg
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Bloomberg Ticker:
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ECUA
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CUSIP:
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TT3183486
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ISIN:
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XS0055571193
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Common Code:
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005557119
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Wertpapier:
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128050
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Valoren:
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351184
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France:
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822707
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Registered Bonds
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CUSIP:
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TT3208390
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ISIN:
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XS0055571433
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Common:
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005557143
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