Poland - Discount Bond - Terms

Article Index

Obligor: The Republic of Poland
Guarantor: None
Issue Size: USD 2,990,214,000
Maturity: October 27, 2024
Interest Rate: 6-month LIBOR plus 13/16%
Coupon Frequency: Semi-annual
Coupon Dates: April 27 & October 27
Day Count: Actual/360
Issue Date: October 27, 1994
Amortisation: None, bullet at maturity
Options: Callable at par with accrued interest on coupon dates if no default.
Currency: USD only
Form of Instrument: Registered securities
Denominations: $250,000 and integral multiples thereof
Credit Rating: Not rated
Principal Collateral: 30-year zero-coupon US Treasury bonds
Interest Payment Collateral: None
Notes: Issued as part of Brady Plan debt restructuring.
Debt-Equity Programme: Tenderable at par.