Venezuela - Debt Conversion Bond (DCB)

Venezuela - Debt Conversion Bond

Debt Conversion Bond issued under Brady Plan restructuring agreement. 

Obligor: The Republic of Venezuela
Guarantor: None
Issue Size: USD 5,352,811,000
Maturity: December 18, 2007
Interest Rate: 6-month LIBOR plus 7/8%
Coupon Frequency: Semi-annual
Coupon Dates: June 18 & December 18
Day Count: Actual/360
Issue Date: December 18, 1990
Amortisation: Repayable in 21 equal semi-annual installments beginning December 18, 1997
Options: Callable at par with accrued interest if no default.
Currency: USD
Form of Instrument: Bearer securities
Denominations: $250,000 and integral multiples thereof
Credit Rating: Moody's: Ba3
Principal Collateral: None
Interest Payment Collateral: None