aracruz2000

5 to 115 1999 55 to 115 due 2000 to 2006 denominated

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 7 Import financing - LIBOR plus 1.4%, due 2001 to 2004 Pre-export financing - 1999 - 5.54% to 10.7%, due 2000 2000 162,330 117,464 193,354 136,640 69,572 39,547 40,197 34,227 73,167 56,281 207,350 583,640 745,970 353,616 384,159 105,286 392,354 Total Less current maturities 266,695 278,873 In January 1994, the Company issued U.S.$ 120 million of 10.375% unsecured notes (the "Notes") maturing 2002. The Notes were redeemable on January 31, 1997 at 94.527% of face value if redeemed at the option of the Company, or at 93.710% of face value if redeemed at the option of the bondholder. On January 31, 1997, the terms of the Notes were remarketed and amended, through a purchase and resale operation under which they were redeemed at 94.527% of their face value and reissued at 104.75% of face value on the same date. The gain on the redemption was recognized currently in financial income in 1997 while the premium on reissuance is being amortized over the remaining term of the Notes. Interest, fees and commissions on the Notes are exempt from Brazilian...
View Full Document

This note was uploaded on 02/05/2014 for the course ECON 101 taught by Professor Gottlieb during the Spring '08 term at Rutgers.

Ask a homework question - tutors are online