Brazil - Discount Z Bond - Terms

Article Index

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