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SBPA |
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22, 2007, the short-term 'F1+' rating assigned to the bonds will be based on a substitute liquidity facility in the form of a SBPA issued by Banco Bilbao Vizcaya Argentaria, S. The SBPA provides for the payment of the purchase price of tendered bonds during the daily and weekly mode, and is sized to cover the principal portion of the purchase price and 36 days of interest at the maximum interest rate of 12%, based upon a year of 365 days. The SBPA provides for the payment of the principal component of purchase price and up to 35 days of interest calculated at a maximum rate of 12%, based on a 365-day year. |
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