Venezuela - Discount Bond A
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Venezuela - Discount Bond Series A
Discount Bond issued under the Brady Plan debt restructuring agreement, with detachable, unsecured, negotiable Oil Obligation Certificates at the rate of 5 certificates per $1,000 bonds, entitling the holder to semi-annual cash payments beginning 1996 when the price of crude oil exports exceeds $26.00 per barrel up to a ceiling of $3.00 per warrant.
| Obligor: | The Republic of Venezuela |
| Guarantor: | None |
| Issue Size: | USD 968,562,000 |
| Maturity: | March 31, 2020 |
| Interest Rate: | 6-month LIBOR plus 13/16% |
| Coupon Frequency: | Semi-annual |
| Coupon Dates: | April 18 & October 18 |
| Day Count: | Actual/360 |
| Issue Date: | December 18, 1990 |
| Amortisation: | None, bullet at maturity |
| Options: | Callable at par with accrued interest if no default. |
| Currency: | USD |
| Form of Instrument: | Registered securities |
| Denominations: | $250,000 and integral multiples of $1,000 |
| Credit Rating: | Moody's: Ba3 |
| Principal Collateral: | 30-year zero-coupon US Treasury bonds held at the US Federal Reserve |
| Interest Payment Collateral: | 14-month rolling interest payment collateral guarantee |