Unsecured Bonds

Series Principal
(in thousand Bolivars) 		First
Coupon 		Term
(months) 		Issue Date Maturity Date Notice of Offering
(spanish)
Issue 2016-I approved by SUNAVAL on 12/27/16
Prospectus
OQ 2016-I-1 100.000 15,75%(6) 24 03/13/2017 03/15/2019 El Nacional 03/06/17
OQ 2016-I-2 100.000 16,00%(7) 30 03/13/2017 09/13/2019 El Nacional 03/06/17
OQ 2016-I-3 100.000 16,25%(8) 36 03/13/2017 03/13/2020 El Nacional 03/06/17
OQ 2016-I-4 100.000 16,50%(9) 42 03/13/2017 09/11/2020 El Nacional 03/06/17
Issue 2015-I approved by SUNAVAL on 01/18/16
Prospectus
OQ 2015-I-1 50,000 15.5%(5) 36 03/21/2015 03/21/2018 El Nacional 03/21/16
OQ 2015-I-2 50,000 15.5%(5) 36 03/21/2015 03/21/2018 El Nacional 03/21/16
Issue 2014-II approved by SUNAVAL on 12/10/14
Prospectus
OQ 2014-II-1 50,000 12.5%(4) 36 03/26/2015 03/26/2018 El Nacional 03/18/15
OQ 2014-II-2 50,000 12.5%(4) 36 03/26/2015 03/26/2018 El Nacional 03/18/15
Issue 2014-I approved by SUNAVAL on 07/16/14
Prospectus
OQ 2014-I-1 20,000 14%(3) 36 11/27/2014 11/27/2017 El Universal 11/27/14
OQ 2014-I-2 20,000 14%(3) 36 11/27/2014 11/27/2017 El Universal 11/27/14
(1) Annual fixed interest rate for the first year and variable equivalent to 62% of the average Lending Rate of the six largest banks, as reported by the Central Bank (TAM, for its abbreviation in Spanish).
(2) Annual fixed interest rate for the first year and variable equivalent to 65% of the average Lending Rate of the six largest banks, as reported by the Central Bank (TAM, for its abbreviation in Spanish).
(3) Annual fixed interest rate for the first six months and variable equivalent to 68% of the average Lending Rate of the six largets banks, as reported by the Central Bank (TAM, for its abbreviation in Spanish)​.
(4) Annual fixed interest rate.
(5) Annual fixed interest rate for the first six months and variable equivalent to 70% of the average Lending Rate of the six largets banks, as reported by the Central Bank (TAM, for its abbreviation in Spanish).
(6) Annual fixed interest rate for the first semester and variable equivalent to 70% of the Active Market Rate (TAM, for its abbreviation in Spanish).
​(7) Annual fixed interest rate for the first semester and variable equivalent to 72% of the Active Market Rate (TAM, for its abbreviation in Spanish).
​(8) Annual fixed interest rate for the first semester and variable equivalent to 73% of the Active Market Rate (TAM, for its abbreviation in Spanish).
​(9) Annual fixed interest rate for the first semester and variable equivalent to 75% of the Active Market Rate (TAM, for its abbreviation in Spanish).

Coupon announcement

Issue Series Coupon No. Period
2016-I 1, 2, 3 and 4 3 09/13/17 to 10/19/17 (spanish)
2015-I 1 and 2 3 09/21/16 to 10/19/16 (spanish)
  1 and 2 4 10/20/16 to 01/19/17 (spanish)
  1 and 2 5 01/20/17 to 04/19/17 (spanish)
  1 and 2 6 04/20/17 to 07/19/17 (spanish)
  1 and 2 7 07/20/17 to 10/19/17​ (spanish)
2014-I 1 and 2 3 05/27/15 to 08/19/15(spanish)
  1 and 2 4 08/20/15 to 11/19/15 (spanish)
  1 and 2 5 11/20/15 to 02/19/16(spanish)
  1 and 2 6 02/20/16 to 05/19/16(spanish)
  1 and 2 7 05/20/16 to 08/18/16(spanish)
  1 and 2 8 08/20/16 to 09/19/16 (spanish)
  1 and 2 9 11/20/16 al 02/19/17 (spanish)
  1 and 2 10 02/20/17 al 05/19/17 (spanish)
  1 and 2 11 05/20/17 al 08/19/17 (spanish)

Commercial Papers

Series Principal
(in thousand Bolivars) 		Coupon Term
(days) 		Issue
Date 		Maturity
Date 		Notice
of Offering (spanish)
Issue 2016-I approved by SUNAVAL on 12/27/16
Prospectus
2016-I-1 PPCC 390.000 7% 123 03/13/2017 07/14/2017 El Nacional 03/06/17
2016-I-2 PPCC 390.000 8% 186 03/13/2017 09/15/2017 El Nacional 03/06/17
2016-I-3 PPCC 260.000 9% 270 03/13/2017 12/08/2017 El Nacional 03/06/17
2016-I-4 PPCC 260.000 10% 354 03/13/2017 03/02/2018 El Nacional 03/06/17
2016-I-5 PPCC 390.000 14,75% 120 07/17/2017 11/14/2017 El Nacional 07/10/2017
2016-I-6 PPCC 390.000 12% 158 09/15/2017 02/20/2018 El Nacional 09/15/2017
Issue 2016-II approved by SUNAVAL on 12/27/16
Prospectus
2016-II-1 PPCC 200.000 7% 123 03/13/2017 07/14/2017 El Nacional 03/06/17
2016-II-2 PPCC 200.000 8% 186 03/13/2017 09/15/2017 El Nacional 03/06/17
2016-II-3 PPCC 300.000 9% 270 03/13/2017 12/08/2017 El Nacional 03/06/17
2016-II-4 PPCC 300.000 10% 354 03/13/2017 03/02/2018 El Nacional 03/06/17
2016-II-5 PPCC 200.000 14,75% 120 07/17/2017 11/14/2017 El Nacional 07/10/2017
2016-II-6 PPCC 200.000 12% 158 09/15/2017 02/20/2018 El Nacional 09/15/2017
Issue 2016-III approved by SUNAVAL on 05/25/17
Prospectus
2016-III-1 PPCC 1.000.000 14,50% 90 07/07/2017 10/05/2017 El Nacional 07/04/2017
2016-III-2 PPCC 1.000.000 15,50% 193 07/07/2017 01/16/2018 El Nacional 07/04/2017
2016-III-3 PPCC 1.500.000 16,00% 270 07/07/2017 04/03/2018 El Nacional 07/04/2017
2016-III-4 PPCC 1.500.000 16,50% 360 07/07/2017 07/02/2018 El Nacional 07/04/2017
2016-III-5 PPCC 2.500.000 15,50% 252 08/04/2017 04/13/2018 El Nacional 08/01/2017
2016-III-6 PPCC 2.500.000 16,00% 300 08/04/2017 05/31/2018 El Nacional 08/01/2017

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