Panama - Discount Bond - Terms
Article Index
Page 2 of 2
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Issuer:
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The Republic of Panama
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Guarantor:
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None
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Issue Size:
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n/a
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Maturity:
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30 years
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Interest Rate:
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6-month LIBOR plus 13/16%
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Coupon Frequency:
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Semi-annual
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Issue Date:
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Expected during 1995
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Amortisation:
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None. Bullet at maturity.
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Options:
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Callable at par with accrued interest on coupon dates if no default.
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Currency:
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US Dollar only
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Form:
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Registered securities
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Denominations:
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$250,000 and multiples thereafter
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Credit Rating:
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not rated
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Principal Collateral:
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30-year zero-coupon US Treasury bonds
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Interest Payment Collateral:
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9-month rolling interest guarantee rising to 12-month rolling interest
guarantee by two years
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