Brazil - FLRIB
Front Loaded Interest Reduction Bonds (FLIRB)
FLIRB issued under the Brady Plan debt restructuring agreement. Eligible for tendering in privatisation programme at 75% of face value. Brazil can repurchase the bonds in the market 2 1/2 years after issue.
| Issuer: | Republica Federativa do Brasil |
| Guarantor: | None |
| Issue Size: | USD 1,737,009,000 |
| Maturity: | April 15, 2009 |
| Interest Rate: | 4%...............................to April 96 4 1/2%.........................to April 98 5%...............................to April 00 thereafter......................6-month LIBOR plus 13/16% |
| Coupon Frequency: | Semi-annual |
| Coupon Dates: | April 15 & October 15 |
| Day Count: | 30/360 |
| Issue Date: | April 15, 1994 |
| Amortisation: | Repayable in 13 equal semi-annual installments beginning April 15, 2003. |
| Options: | Callable at par plus accrued interest on coupon dates if no default |
| Currency: | US Dollar |
| Form: | Bearer and registered securities |
| Denominations: | $250,000 and integral multiples of $1,000 |
| Credit Rating: | not rated |
| Principal Collateral: | None |
| Interest Payment Collateral: | 12 month rolling interest payment guarantee for the first six years only secured by US agency or similar securities. |
Settlement Information
| Paying Agent: | Chase Manhattan, London |
| Bloomberg Ticker: | BRAZIL |
| CUSIP: | TT3163223 |
| ISIN: | XS0049993123 |
| Common Code: | 004999312 |
| Valoren: | 232101 |