Brazil - Discount Z Bond
Discount Z Bond (1994)
Discount Z Bond ossued under the Brady Plan restructuring agreement in Bearer and Registered securities form. Eligible for tendering in privatisation programme at face value. Brazil can repurchase the bonds in the market 2 1/2 years after issue.
Tranches: Z-L (Benchmark), YL3, DBL3, DBL4
Tranche YL4, Z-U never issued never issued as subscriptions failed to reach the minimum amount of USD 100Million.
| Issuer: |
Republica Federativa do Brasil |
| Guarantor: |
None |
| Issue Size: |
USD 7,388,209,994 |
| Maturity: |
April 15, 2024 |
| Interest Rate: |
6-month LIBOR plus 13/16% |
| Coupon Frequency: |
Semi-annual |
| Coupon Dates: |
April 15 & October 15 |
| Day Count: |
Actual/360 |
| Issue Date: |
April 15, 1994 |
| Amortisation: |
None, bullet at maturity |
| Options: |
Callable at par plus accrued interest on coupon dates if no default |
| Currency: |
US Dollar |
| Form: |
Bearer and registered securities |
| Denominations: |
$250,000 and integral multiples of $1,000 |
| Credit Rating: |
not rated |
| Principal Collateral: |
30-year zero-coupon US Treasury bonds |
| Interest Payment Collateral: |
12-month rolling interest guarantee |
Tranche Z-L (Benchmark)
| Tranche Size: |
USD 7,111,746,000
(including exchange of series YL1, PDL1, YL2, PDL2) |
| Principal Collateral: |
Full |
| Interest Guarantee: |
Full |
| Listing: |
Luxembourg |
| Paying Agent: |
Chase Manhattan, London |
| Bloomberg Ticker: |
BRAZIL |
| ISIN: |
XS0049981201 |
| CUSIP: |
TT3163207 |
| Common Code: |
004998120 |
| Valoren: |
230889 |
| France: |
818735 |
Tranche YL3
| Tranche Size: |
USD 175,455,000 |
| Principal Collateral: |
Full |
| Interest Guarantee: |
Delivered October 15, 1995 |
| Conversion into series Y: |
n/a |
| Conversion into series Z: |
October 15, 1995 |
| ISIN: |
XS0049984999 |
| CUSIP: |
TT3179724 |
| Common Code: |
004998499 |
| Valoren: |
230931 |
| Wertpapier/Austrian: |
414035 |
| France: |
818736 |
Tranche DBL3
| Tranche Size: |
USD 788,994 |
| Principal Collateral: |
Delivered October 15, 1995 |
| Interest Guarantee: |
Delivered October 15, 1995 |
| Conversion into series Y: |
n/a |
| Conversion into series Z: |
October 15, 1995 |
| ISIN: |
XS0049992158 |
| CUSIP: |
TT3179773 |
| Common Code: |
00499215 |
| Valoren: |
231649 |
| Wertpapier/Austrian: |
414202 |
Tranche DBL4
| Tranche Size: |
USD 50,220,000 |
| Principal Collateral: |
Delivered April 15, 1996 |
| Interest Guarantee: |
Delivered April 15, 1996 |
| Conversion into series Y: |
n/a |
| Conversion into series Z: |
April 15, 1996 |
| ISIN: |
XS0049992828 |
| CUSIP: |
TT3179781 |
| Common Code: |
004999282 |
