Mexico - Discount Bond A

Mexico - Discount Bond A

Note: Issued as part of the Mexican Brady Plan debt restructuring. Issued with detachable value recovery rights indexed to the price of oil. Bonds usually trade ex-warrant.
Obligor:
United Mexican States
Guarantor:
None
Issue Size:
USD 2,478,293,000
Maturity:
December 31, 2019
Interest Rate:
6-month LIBOR plus 13/16%
Coupon Frequency:
Semi-annual
Coupon Dates:
April 15 & October 15
Day Count:
Actual/360
Issue Date:
March 28, 1990
Amortisation:
None, bullet at maturity
Options:
Callable at par with accrued interest if no default.
Currency:
USD
Form of Instrument:
Registered
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:
18-month rolling interest payment collateral guarantee