Common use of Issue of Securities Clause in Contracts

Issue of Securities. Not later than 10:00 a.m., New York City time on October 26, 2006, or such other time as may be agreed upon between the Underwriters and the Republic (the “Closing Date”), the Republic will issue and deliver one or more duly executed and authenticated Global Securities in US$500 million in an aggregate principal amount of 7.625% Bonds due 2036. The Underwriters shall instruct DTC as to the allocation of interests in the Global Securities among the accounts of DTC participants.

Issue of Securities. Not later than 10:00 a.m., a.m. New York City time on October 26November 9, 20062023, or such other time as may be agreed upon between the Underwriters and the Republic (the “Closing Date”), the Republic will issue and deliver one or more duly executed and authenticated Global Securities in US$500 million in an aggregate principal amount of 7.625% Bonds due 2036U.S.$700,000,000. The Underwriters shall instruct DTC as to the allocation of interests in the Global Securities among the accounts of DTC participants.

Issue of Securities. Not later than 10:00 a.m., New York City time on October 26November 18, 2006, 2005 or such other time as may be agreed upon between the Underwriters Underwriter and the Republic (the “Closing Date”), the Republic will issue and deliver one or more duly executed and authenticated Global Securities in US$500 million in an aggregate principal amount of 7.625% Bonds due 2036US$200,000,000. The Underwriters Underwriter shall instruct DTC as to the allocation of interests in the Global Securities among the accounts of DTC participants.

Issue of Securities. Not later than 10:00 a.m., a.m. New York City time on October 2627, 20062015, or such other time as may be agreed upon between the Underwriters and the Republic (the “Closing Date”), the Republic will issue and deliver one or more duly executed and authenticated Global Securities in US$500 million in an aggregate principal amount of 7.625% Bonds due 2036U.S.$1,700,000,000. The Underwriters shall instruct DTC as to the allocation of interests in the Global Securities among the accounts of DTC participants.

Issue of Securities. Not later than 10:00 a.m., New York City time on October 26April 3, 20062007, or such other time as may be agreed upon between the Underwriters and the Republic (the “Closing Date”), the Republic will issue and deliver one or more duly executed and authenticated Global Securities in US$500 million in an aggregate principal amount of 7.625% Bonds due 2036Ps. 12,135,000,000. The Underwriters shall instruct DTC as to the allocation of interests in the Global Securities among the accounts of DTC participants.

Issue of Securities. Not later than 10:00 a.m., New York City time on October 26March 21, 2006, or such other time as may be agreed upon between the Underwriters and the Republic (the “Closing Date”), the Republic will issue and deliver one or more duly executed and authenticated Global Securities in US$500 million in an aggregate principal amount of 7.625% Bonds due 2036US$500,000,000. The Underwriters shall instruct DTC as to the allocation of interests in the Global Securities among the accounts of DTC participants.

Issue of Securities. Not later than 10:00 a.m., a.m. New York City time on October 26July 20, 20062023, or such other time as may be agreed upon between the Underwriters and the Republic (the “Closing Date”), the Republic will issue and deliver one or more duly executed and authenticated Global Securities in US$500 million in an aggregate principal amount of 7.625% Bonds due 2036Ps. 48,006,507,522. The Underwriters shall instruct DTC as to the allocation of interests in the Global Securities among the accounts of DTC participants.

Issue of Securities. Not later than 10:00 a.m., New York City time on October 26November 20, 20062012, or such other time as may be agreed upon between the Underwriters and the Republic (the “Closing Date”), the Republic will issue and deliver one or more duly executed and authenticated Global Securities in US$500 million in an aggregate principal amount of 7.625% Bonds due 2036U.S. $500,000,000. The Underwriters shall instruct DTC as to the allocation of interests in the Global Securities among the accounts of DTC participants.

Issue of Securities. Not later than 10:00 a.m., New York City time on October 26June 18, 20062014, or such other time as may be agreed upon between the Underwriters and the Republic (the “Closing Date”), the Republic will issue and deliver one or more duly executed and authenticated Global Securities in US$500 million in an aggregate principal amount of 7.625% Bonds due 2036U.S.$2,000,000,000. The Underwriters shall instruct DTC as to the allocation of interests in the Global Securities among the accounts of DTC participants.

Issue of Securities. Not later than 10:00 a.m., New York City time on October 26June 1, 2006, 2005 or such other time as may be agreed upon between the Underwriters and the Republic (the “Closing Date”), the Republic will issue and deliver one or more duly executed and authenticated Global Securities in US$500 million in an aggregate principal amount of 7.625% Bonds due 2036U.S.$200,000,000. The Underwriters shall instruct DTC as to the allocation of interests in the Global Securities among the accounts of DTC participants.

Issue of Securities. Not later than 10:00 a.m., New York City time on October 26July 27, 2006, 2006 or such other time as may be agreed upon between the Underwriters and the Republic (the “Closing Date”), the Republic will issue and deliver one or more duly executed and authenticated Global Securities in US$500 million in an aggregate principal amount of 7.625% Bonds due 2036US$500,000,000. The Underwriters shall instruct DTC as to the allocation of interests in the Global Securities among the accounts of DTC participants.

Issue of Securities. Not later than 10:00 a.m., New York City time on October 26January 27, 2006, or such other time as may be agreed upon between the Underwriters and the Republic (the “Closing Date”), the Republic will issue and deliver one or more duly executed and authenticated Global Securities in US$500 million in an aggregate principal amount of 7.625% Bonds due 2036US$500,000,000. The Underwriters shall instruct DTC as to the allocation of interests in the Global Securities among the accounts of DTC participants.

Issue of Securities. Not later than 10:00 a.m., New York City time on October 26September 14, 2006, or such other time as may be agreed upon between the Underwriters and the Republic (the “Closing Date”), the Republic will issue and deliver one or more duly executed and authenticated Global Securities in US$500 million in an aggregate principal amount of 7.625% Bonds due 2036Ps. 9,560,000,000. The Underwriters shall instruct DTC as to the allocation of interests in the Global Securities among the accounts of DTC participants.

Issue of Securities. Not later than 10:00 a.m., New York City time on October 26December 15, 20062011, or such other time as may be agreed upon between the Underwriters and the Republic (the “Closing Date”), the Republic will issue and deliver one or more duly executed and authenticated Global Securities in US$500 million in an aggregate principal amount of 7.625% Bonds due 2036Ps.19,906,000,000.00. The Underwriters shall instruct DTC DTC, as to the allocation of interests in the Global Securities among the accounts of DTC participants.

Issue of Securities. Not later than 10:00 a.m., New York City time time, on October 2620, 20062003, or such other which date and time as may be agreed upon between postponed by agreement among the Underwriters and the Republic or as provided in Section 11 hereof (the “Closing Date”), the Republic will issue and deliver one or more duly executed and authenticated Global Securities in US$500 million in an aggregate principal amount of 7.625% Bonds due 2036Ps. 5,589,500,000. The Underwriters shall instruct DTC as to the allocation of interests in the Global Securities Security among the accounts of DTC participants.

Issue of Securities. Not later than 10:00 a.m., New York City time on October June 26, 20062007, or such other time as may be agreed upon between the Underwriters and the Republic (the “Closing Date”), the Republic will issue and deliver one or more duly executed and authenticated Global Securities in US$500 million in an aggregate principal amount of 7.625% Bonds due 2036Ps. 11,933,750,000. The Underwriters shall instruct DTC as to the allocation of interests in the Global Securities among the accounts of DTC participants.

Issue of Securities. Not later than 10:00 a.m., New York City time on October 26August 14, 20062013, or such other time as may be agreed upon between the Underwriters and the Republic (the “Closing Date”), the Republic will issue and deliver one or more duly executed and authenticated Global Securities in US$500 million in an aggregate principal amount of 7.625% Bonds due 2036U.S.$2,000,000,000. The Underwriters shall instruct DTC as to the allocation of interests in the Global Securities among the accounts of DTC participants.

Issue of Securities. Not later than 10:00 a.m., New York City time on October 26December 15, 20062011, or such other time as may be agreed upon between the Underwriters and the Republic (the “Closing Date”), the Republic will issue and deliver one or more duly executed and authenticated Global Securities in US$500 million in an aggregate principal amount of 7.625% Bonds due 2036Ps.25,376,000,000. The Underwriters shall instruct DTC DTC, as to the allocation of interests in the Global Securities among the accounts of DTC participants.