Jordan - Past Due Interest Bond (PDI) - Terms

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Obligor: The Jordan Interest Arrears Bond Company Limited
Guarantor: The Hashemite Kingdom of Jordan
Issue Size: USD 93,688,122
Maturity: December 23, 2005
Interest Rate: 6-month LIBOR plus 13/16%
Coupon Frequency: Semi-annual
Coupon Dates: June 23 & and December 23
Day Count: 30/360
Issue Date: December 23, 1993
Amortisation: Repayable in 19 equal semi-annual installments beginning December 23, 1996
Options: Callable at par with accrued interest on coupon dates if no default.
Currency: USD only
Form of Instrument: Bearer securities
(PDI bonds will be issued in registered forms to US fiscal persons)
Denominations: $250,000 and integral multiples thereof
Credit Rating: Not rated
Principal Collateral: None
Interest Payment Collateral: None