Panama - Past Due Interest Bond (Brady PDI)
Panama - Past Interest Due Bond
Past Interest Due Bond issued under the Brady Plan restructuring agreement.
| Issuer: | The Republic of Panama |
| Guarantor: | None |
| Issue Size: | USD 1,500,000,000 (estimated) |
| Maturity: | 20 years |
| Interest Rate: | 6-month LIBOR plus 13/16% During years 1 to 6 a portion of interest due between 4% and L+13/16 may be capitalized at the option of the Republic. |
| Coupon Frequency: | Semi-annual |
| Issue Date: | Expected during 1995 |
| Amortisation: | Repayable in 21 equal semi-annual installments beginning 10 years after issuance.
Installments 1 to 8.............................2% of principal |
| Options: | Callable at par with accrued interest on coupon dates if no default. |
| Currency: | US Dollar only |
| Form: | Bearer securities |
| Denominations: | $250,000 and multiples thereafter |
| Credit Rating: | Not rated |
| Principal Collateral: | None |
| Interest Payment Collateral: | None |