Ecuador - Par Bond - Terms

Article Index

Issuer: The Republic of Ecuador
Guarantor: None
Issue Size: USD 1,912,586,000
Maturity: February 28, 2025
Interest Rate: 3%................................to February 96
3 1/4%..........................to February 97
3 1/2%..........................to February 99
4%................................to February 01
4 1/2%..........................to February 03
4 3/4%..........................to February 05
5%................................to Maturity
Coupon Frequency: Semi-annual
Coupon Dates: May 28 & November 28
Day Count: 30/360
Issue Date: February 27, 1995
Amortisation: None. Bullet at maturity.
Options: Callable at par with accrued interest on coupon dates if no default.
Currency: US Dollar only
Form: 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