Ecuador - Past Due Interest Bond

Past Due Interest issued under the Brady Plan restructuring agreement in Registered and Bearer securities form.

Issuer:	The Republic of Ecuador
Guarantor:	None
Issue Size:	USD 1,247,584,000
Maturity:	February 27, 2015
Interest Rate:	6-month LIBOR plus 13/16% The difference between a minimum coupon and L + 13/16% may be capitalised during the first six years at Ecuador's option: Years 1 & 2:.......................3% minimum coupon Years 3 & 4:.......................3 1/4% minimum coupon Years 5 & 6:.......................3 3/4% minimum coupon
Coupon Frequency:	Semi-annual
Coupon Dates:	February 28 & August 28
Day Count:	Actual/360
Issue Date:	February 27, 1995
Amortisation:	Repayable in 21 unequal semi-annual installments beginning February 27, 2004 Installments 1 to 6: ..........................2 1/2% of principal Installments 7 to 12: ........................4% of principal Installment 13 to 21: ........................6.78% of principal
Options:	Callable at par with accrued interest on coupon dates if no default.
Currency:	US Dollar only
Form:	Bearer and registered securities
Denominations:	$250,000 and integral multiples thereof
Credit Rating:	not rated
Principal Collateral:	None
Interest Payment Collateral:	None

Bearer Bonds