Ecuador - Discount Bond - Terms
Article Index
Page 2 of 3
Issuer: | The Republic of Ecuador |
Guarantor: | None |
Issue Size: | USD 1,433,612,000 |
Maturity: | February 28, 2025 |
Interest Rate: | 6-month LIBOR plus 13/16% |
Coupon Frequency: | Semi-annual |
Coupon Dates: | February 28 & August 28 |
Day Count: | Actual/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 |