Morocco - Restructuring & Consolidation Agreement A
Article Index
Restructuring & Consolidation Agreement Tranche A
Represents the refinancing on medium-term loans restructured under the 1983-84 and 1985-88 Refinancing Agreements.
| Issuer: | The Kingdom of Morocco |
| Guarantor: | None |
| Issue Size: | USD 2,406,682,675 |
| Maturity: | January 1, 2009 |
| Interest Rate: | 3 or 6-month LIBOR plus 13/16% |
| Coupon Frequency: | Quarterly or semi-annual (Morocco reserves the right to adjust the frequency of coupon payments) |
| Coupon Dates: | February 5, May 5, August 5, and November 5 |
| Day Count: | Actual/360 |
| Issue Date: | September 20, 1990 |
| Amortisation: | Repayable in 21 equal semi-annual installments beginning January 1, 1999
The amortisation dates do not coincide with coupon dates. Thus, each |
| Currency: | US Dollar only |
| Form: | Registered loans. |
| Loan Agent: | Banque Nationale de Paris |
| Credit Rating: | not rated |
| Principal Collateral: | None |
| Interest Payment Collateral: | None |
| Months in Arrears: | None |