Bulgaria - FLIRB Series B

Front Loaded Interest Reduction Bonds (FLIRB) Series B

FLIRB 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 168,967,475
Maturity: July 28, 2012
Interest Rate: 2 1/2%.........................to July 96
2 3/4%.........................to July 98
3%...............................to July 99
3 1/4%.........................to July 00
3 1/2%.........................to July 01
thereafter......................6-month LIBOR plus 1 5/16%
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 Form

Listing: Luxembourg
Bloomberg Ticker: BGARIA
CUSIP: TT3186604
ISIN: XS0051467636
Common Code: 005146763
Sedol 1: 4042547
Wertpapier/Austrian: 414742
Valoren: 266056