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Products

Repayment Obligation Certificates - RoC


A Repayment Obligation Certificate is a fixed-income product where the interest coupons are fixed and not variable.

 
In order to minimize risk, the RoC is issued in conjunction with a guarantee in the format of underwriting. This, therefore, changes the description to: “G-RoC”


The format of the G-RoC is that of normal Global Market Issues:


10-year medium-term note (MTN)
20-year long-term note (LTN)
30-year extra long-term note (ELTN)


The product description:


G-RoC MTN
G-RoC LTN
G-RoC ELTN


Interest Coupons:


7.5% G-RoC MTN
8.5% G-RoC LTN
9.5% G-RoC ELTN

 

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