Argentina - Past Due Interest Bonds (1993)

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Past Due Interest Floating Rate Bonds (1993)

Floating Rate Past Due Interest Bonds issued under the Argentine Brady Plan. The bonds are not eligible for tendering in Argentine privatizations. The bonds were issued in Bearer and Registered securities form. Argentine Past Due Interest bonds consist of the following structure:
Interest payments through December 31, 1991
    1. Accrued and unpaid interest on principal
    2. Interest on interest accrued and unpaid
    3. Interest on principal

Interest payments starting in 1992

The 1992 Argentine Financing Plan, permitted Argentina to exchange PDI for the following package:
    1. USD $400 million in cash
    2. USD $300 million Medium Term Argentine Zero Coupon bonds fully collateralized by US government obligations
    3. USD $9.8 billion in floating rate, non-collateralized, USD denominated, amortizing bonds. 

Issuer:
The Republic of Argentina
Maturity:
March 31, 2005
Coupon Rate (p.a.):
6-month LIBOR + 13/16% [81.25bp]
Coupon Freq:
Semi-annual
Coupon Payment Dates:
March 31 and September 30
Day Count:
Actual/360
Issue Date:
April 7, 1993
Issue Size:
USD 9,811,425,000
Outstanding Amount:
USD 9,811,425,000
Amortization:
19 unequal semi-annual payments after 3 years' grace period.
Payments 1-7 [1%] Percent of Principal
Payments 8 [5%] Percent of Principal
Payments 9-19 [8%]Percent of Principal
Par Amount:
100.00% @ May 1, 1995
Call Option:
Callable at par with accrued interest on coupon dates if no default.
Currency:
USD
Guarantor
None
Form:
Registered for FRBs issued in US
Bearer for non-US issue
Denominations:
USD $250,000 and integral multiples of $1,000
Credit Rating:
Moody's: B2
S & P's: BB-
Principal Collateral:
None
Interest Payment Collateral:
None
Settlement:
US: physical delivery
Non-US: Euroclear/CEDEL, physical delivery
 

FR PDI Bearer Bonds

Listing:
Luxembourg
Paying Agent:
Citibank
Bloomberg Ticker:
ARGENT
CUSIP:
TT3106925
ISIN:
XS0043120236
Common Code:
004312023
Valoren:
070434
Sedol 1
4025140
 

FR PDI Registered Bonds

Listing:
Luxembourg
Paying Agent:
Citibank
Bloomberg Ticker:
ARGENT
CUSIP:
TT3168016
ISIN:
XS0043120582
Common Code:
004312058
Valoren:
070435