Bulgaria - FLIRB Series A

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Front Loaded Interest Reduction Bonds (FLIRB) Series A

FLIRB Bond issued under the Brady Plan debt restructuring agreement. Eligible for tendering in privatisation programme at 50% of face value.


Issuer: The Republic of Bulgaria
Guarantor: None
Issue Size: USD 1,488,490,189
Maturity: July 28, 2012
Interest Rate: 2%...............................to July 96
2 1/4%.........................to July 98
2 1/2%.........................to July 99
2 3/4%.........................to July 00
3%...............................to July 01
thereafter......................6-month LIBOR plus 13/16%
Coupon Frequency: Semi-annual
Coupon Dates: January 28 & July 28
Day Count: 30/360
Issue Date: July 28, 1994
Amortisation: Repayable in 21 equal semi-annual installments beginning July 28, 2002
Options: Callable at par with accrued interest on coupon dates.
Currency: US Dollar only
Form: Bearer and registered securities
Denominations: $250,000 and integral multiples thereof
Credit Rating: not rated
Principal Collateral: None
Interest Payment Collateral: 12 month rolling interest payment guarantee expiring July 30, 2001

Registered Bond

Listing: Luxembourg
Bloomberg Ticker: BGARIA
CUSIP: TT3172588
ISIN: XS0051466588
Common Code: 005146658
Sedol: 4042525
Wertpapier: 414741