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obrigações ao portador

  Obrigações ao Portador e Cautelas de Obrigações ao Portador

1 - Obrigações ao Portador
1.1 - Obrigações ao Portador represented securities issued by ELETROBRÁS, in order to give acquittance to the compulsory loan paid through the energy consumption bills from 1964 to 1966. These securities were issued from 1964 to 1966, with a nominal fixed value, 10 years maturity and with 10 yearly coupon of 12% relating to the interest. According to the issued rules, ELETROBRÁS could anticipate the redemption of these securities through allotment.

The securities were delivered after presentation of energy bills, duly paid.

SECURITY SERIES NUMBER OF COUPONS ISSUANCE DATE MATURITY DATE OF LACHES
Obrigações A, B, C 10 1965 ((*) October,1970 October,1975
Obrigações D, E, F, G 10 1966 (*) November, 1973 November, 1978
Obrigações H, I, J, L 10 1967 (*) November, 1975 October, 1980
(*) Remaining Obrigações ao Portador from above mentioned issues, not included in the allotment from previous years, were subject to early redemption, as published by the newspapers and Diário Oficial da União - DOU.

1.2 - In a second tranche, the Obrigações ao Portador from Eletrobrás were issued with the objective of giving acquittance to the compulsory loan paid through the energy consumption bills from 1967 to 1973, issued with a fixed face value, during the period of 1968 to 1974 and 20 years maturity. With the presentation of bearer securities, and 20 corresponding interest coupons located on the right side of the securities, the holder of Obrigações annually received interest of 6% p.a. over the corrected amount of the printed security. According to the issued rules, ELETROBRÁS could anticipate the redemption of these securities through allotment.

BOND SERIES NUMBER OF COUPONS ISSUANCE DATE MATURITY DATE OF LACHES
Obrigações M, N, O 20 1968 1988 December, 1993
Obrigações P, Q , R 20 1969 1989 December, 1994
Obrigações S, T, U 20 1970 1990 November, 1995
Obrigações V, X, Z 20 1971 1991 December, 1996
Obrigações AA,BB, CC 20 1972 1992 December, 1997
Obrigações DD,EE,FF,GG 20 1973 1993 November, 1998
Obrigações HH, II, JJ, LL 20 1974 1994 December, 1999


2 - Cautelas de Obrigações ao Portador
Cautelas de Obrigações ao Portador from Eletrobrás were issued with the objective of giving acquittance to the compulsory loan paid through the energy consumption bills from 1974 to 1976, issued with a fixed face value, during the period of 1975 to 1977 and 20 years maturity. With the presentation of bearer securities, through the presentation of a stamp on the back of the printed security, the holder of Obrigações annually received interest of 6% p.a. over the corrected amount of the security. According to the issued rules, ELETROBRÁS could anticipate the redemption of these securities through allotment.

BOND ISSUANCE DATE MATURITY DATE OF LACHES
Cautelas 1975 1995 December/2000
Cautelas 1976 1996 December/2001
Cautelas 1977 1997 December/2002


According to the terms of paragraph 11, Article 4 of Law 4156/62, dated 11/28/1962, with the alterations introduced by Article 5 of Decree-law 644, dated 06/23/1969 (both effective), determined a maximum period of 5 years for the consumers to present the original energy bills to Eletrobrás, in order to exchange them for the mentioned securities. The same period applied to the redemption, dating from the date of the allotment or the maturity of the securities. After such period, holders of Obrigações or Cautelas de Obrigações had no rights, since these securities are in laches, and therefore, they have no possibility of trading with these securities.

 
Copyright ® Eletrobrás, 2007