Brazil - New Money Bond (1988) - Terms

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Issuer: Republica Federativa do Brasil
Guarantor: None
Issue Size: USD 674,741,366
Maturity: October 15, 1999
Interest Rate: 6-month LIBOR plus 13/16%
Coupon Frequency: Semi-annual
Coupon Dates: April 15 & October 15
Day Count: Actual/360
Issue Date: October 15, 1988
Amortisation: Repayable in 14 equal semi-annual installments beginning April 15, 1993
Par Amount: 64.28% @ May 1, 1995
Options: Non-call for life
Currency: US Dollar only
Form: Bearer securities
Denominations: $250,000 and integral multiples thereof
Credit Rating: Moody's....... B1
Principal Collateral: None
Interest Payment Collateral: None