| Issuer: |
Republica Federativa do Brasil |
| Guarantor: |
None |
| Issue Size: |
USD 8,484,001,000 |
| Maturity: |
April 15, 2012 |
| Interest Rate: |
6-month LIBOR plus 7/8% |
| Coupon Frequency: |
Semi-annual |
| Coupon Dates: |
April 15 & October 15 |
| Day Count: |
Actual/360 |
| Issue Date: |
April 15, 1994 |
| Amortisation: |
Repayable in 17 equal semi-annual installments beginning April 15, 2004 |
| 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: |
None |
| Interest Payment Collateral: |
None |