Argentina - Par Bond (1993) - Terms
Article Index
Page 2 of 5
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Issuer:
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The Republic of Argentina
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Maturity:
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March 31, 2023
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Coupon Rate:
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USD
4.00%...........................to March 1994 4.25%...........................to March 1995 5.00%...........................to March 1996 5.25%...........................to March 1997 5.50%...........................to March 1998 5.75%...........................to March 1999 6.00%...........................to Maturity DEM
5.875% Fixed |
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Coupon Freq:
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Semi-annual
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Coupon Dates:
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May 31 and November 30
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Dated:
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March 31, 1993
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Issue Date:
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April 7, 1993
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Coupon Payment Dates:
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All series: May 31 and November 30
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Day Count:
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30/360
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Call Option:
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Callable at par on coupon dates if no default.
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Amortization:
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Bullet
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Issue Size:
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USD 12,492,000,000
DEM 284,480,000 |
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Amount Outstanding:
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USD 12,492,000,000
DEM 284,480,000 |
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Guarantor:
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None
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Form:
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USD: Registered
DEM: Bearer |
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Currency:
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USD and DEM
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Denominations:
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USD: $250,000 and integral multiples of $1,000
DEM: 5,000 |
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Credit Rating:
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Moody's: B2
S & P's: BB- |
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Principal Collateral:
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USD: secured by 30-year zero-coupon US Treasury bonds held by the collateral agent.
DEM: secured by 30-year KfW or Deutsche Bundespost (Credit Bank for Reconstruction) zero-coupon bonds. |
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Interest Payment Collateral:
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12-month rolling interest payment collateral guarantee. Payment of interest is secured on a "rolling" basis, in an amount equal to 12 months of interest. For non USD denominated bonds, interest is secured by collateral having a value equal to the cost of the collateral for principal and interest for the same type of bonds denominated in USD, less the cost of the collateral securing the principal of the bonds denominated in the foreign currency.
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Settlement:
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US: physical delivery
Non-US: Euroclear/CEDEL, physical delivery |