18-K 1 d797102d18k.htm FORM 18-K Form 18-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 18-K

 

 

For Foreign Governments and Political Subdivisions Thereof

ANNUAL REPORT

of

FEDERATIVE

REPUBLIC OF BRAZIL

(Name of Registrant)

 

 

Date of end of last fiscal year: December 31, 2013

 

 

SECURITIES REGISTERED*

(As of the close of the fiscal year)

 

 

 

 

Title of Issue  

Amounts as to

which registration

is effective

  

Names of

exchanges on

which registered

N/A

   N/A   N/A

 

 

Name and address of person authorized to receive notices

and communications from the Securities and Exchange Commission

Mauro Luiz Iecker Vieira

Ambassador of Brazil

Embassy of Brazil

3006 Massachusetts Avenue, N.W.

Washington, D.C. 20008

Copies to

Eli Whitney Debevoise II

Gregory Harrington

Arnold & Porter LLP

555 Twelfth Street, N.W.

Washington, DC 20004

 

 

 

* The Registrant is filing this annual report on a voluntary basis.

 

 

 

FEDERATIVE REPUBLIC OF BRAZIL (“BRAZIL” OR THE “REPUBLIC”)

The information set forth below is to be furnished:

1. In respect of each issue of securities of the registrant registered, a brief statement as to:

(a) The general effect of any material modifications, not previously reported, of the rights of the holders of such securities.

No such modifications.

(b) The title and the material provisions of any law, decree, or administrative action, not previously reported, by reason of which the security is not being serviced in accordance with the terms thereof.

No such provisions.

(c) The circumstances of any other failure, not previously reported, to pay principal, interest, or any sinking fund or amortization installment.

No such circumstances.

2. A statement as of the close of the last fiscal year of the registrant giving the total outstanding of:

(a) Internal funded debt of the registrant. (Total to be stated in the currency of the registrant. If any internal funded debt is payable in foreign currency it should not be included under this paragraph (a), but under paragraph (b) of this item.)

The internal funded debt of the Republic as of December 31, 2013 was R$2,289.2 billion.

(b) External funded debt of the registrant. (Totals to be stated in the respective currencies in which payable. No statement need be furnished as to intergovernmental debt.)

The external funded debt of the Republic as of December 31, 2013 was U.S.$42.9 billion.

External funded debt of the registrant

(in millions of currency of denomination)*

 

    

As of December 31, 2013

Type of Interest Rate

  
     Floating Rate      Fixed Rate      Total  

Repayable in U.S. Dollars

      1,298         29,522         30,820   

IDB

      378         0         378   

IBRD (World Bank)

      905         3         908   

Others

      15         29,519         29,534   

Repayable in Japanese Yen

      15,485         1,130         16,615   

Repayable in Euro

      0         1,381         1,381   

Repayable in U.S. Dollars linked to Brazilian Real

      0         13,054         13,054   

IMF Special Drawing Rights

      2,887         0         2,887   

 

* All amounts in the currency of denomination (millions). Includes debt incurred by Banco Central do Brasil (the Central Bank of Brazil or the “Central Bank”)

 

Source: Central Bank

3. A statement giving the title, date of issue, date of maturity, interest rate, and amount outstanding, together with the currency or currencies in which payable, of each issue of funded debt of the registrant outstanding as of the close of the last fiscal year of the registrant.

Reference is made to Tables 37, 38 and 39 on pages D-72 to D-76 of Exhibit D.

 

2

4. (a) As to each issue of securities of the registrant which is registered, there should be furnished a break-down of the total amount outstanding, as shown in Item 3, into the following:

(1) Total amount held by or for the account of the registrant.

Not applicable.**

(2) Total estimated amount held by nationals of the registrant (or if registrant is other than a national government by the nationals of its national government); this estimate need be furnished only if it is practicable to do so.

Not applicable.**

(3) Total amount otherwise outstanding.

Not applicable.**

(b) If a substantial amount is set forth in answer to paragraph (a)(1) above, describe briefly the method employed by the registrant to reacquire such securities.

Not applicable.**

 

** No securities of the registrant are registered under the Securities Exchange Act of 1934, as amended.

5. A statement as of the close of the last fiscal year of the registrant giving the estimated total of:

(a) Internal floating indebtedness of the registrant. (Total to be stated in the currency of the registrant.)

The internal floating indebtedness of the Republic as of December 31, 2013 was R$517.7 billion.

(b) External floating indebtedness of the registrant. (Total to be stated in the respective currencies in which payable.)

External floating debt of the registrant

(in millions of currency of denomination)*

 

    

As of December 31, 2013

Debt due in 2014

Type of Interest Rate

  
     Floating Rate      Fixed Rate      Total  

Repayable in U.S. Dollars

      55         604         659   

Repayable in Japanese Yen

      4,599         377         4,976   

Repayable in Euro

      0         122         122   

Repayable in U.S. Dollars linked to Brazilian Real

      0         0         0   

 

* All amounts in the currency of denomination (millions). Includes debt incurred by the Central Bank.

Source: Central Bank

6. Statements of the receipts, classified by source, and of the expenditures, classified by purpose, of the registrant for each fiscal year of the registrant ended since the close of the latest fiscal year for which such information was previously reported. These statements should be so itemized as to be reasonably informative and should cover both ordinary and extraordinary receipts and expenditures; there should be indicated separately, if practicable, the amount of receipts pledged or otherwise specifically allocated to any issue registered, indicating the issue.

Reference is made to Tables 27 and 28 on pages D-55 to D-56 of Exhibit D.

7. (a) If any foreign exchange control, not previously reported, has been established by the registrant (or if the registrant is other than a national government, by its national government), briefly describe the effect of any such action not previously reported.

Reference is made to pages D-38 to D-39 of Exhibit D.

(b) If any foreign exchange control previously reported has been discontinued or materially modified, briefly describe the effect on any such action, not previously reported.

 

3

None.

8. Brief statements as of a date reasonably close to the date of the filing of this report (indicating such date) in respect of the note issue and gold reserves of the central bank of issue of the registrant, and of any further gold stocks held by the registrant.

Reference is made to Table 20 on page D-38 of Exhibit D.

9. Statements of imports and exports of merchandise for each year ended since the close of the latest year for which such information was previously reported. The statements should be reasonably itemized so far as practicable as to commodities and as to countries. They should be set forth in items of value and of weight or quantity; if statistics have been established in terms of value, such will suffice.

Reference is made to pages D-30 to D-37 of Exhibit D.

10. The balances of international payments of the registrant for each year ended since the close of the latest year for which such information was previously reported. The statements of such balances should conform, if possible, to the nomenclature and form used in the “Statistical Handbook of the League of Nations”. (These statements need to be furnished only if the registrant has published balances of international payments.)

Reference is made to Table 10 on page D-29 to D-30 of Exhibit D.

This annual report comprises:

(a) Pages numbered 1 to 6 consecutively.

(b) The following exhibits: Exhibit A: None

Exhibit B: None

Exhibit C: Copy of the 2014 Annual Budget of the Republic (in Portuguese)—(P)(Rule 311)

Exhibit D: Current Description of the Republic

(c) Such additional Exhibits as may be filed by the Republic by amendment to this Annual Report.

(P) Paper filing made under cover of Form SE pursuant to Rules 306(c) and 311 of Regulation S-T.

This annual report is filed subject to the instructions for Form 18-K for Foreign Governments and Political Subdivisions thereof.

 

4

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this annual report to be signed on its behalf by the undersigned, thereunto duly authorized, in Brasília, Brazil on the 30th day of September, 2014.

 

FEDERATIVE REPUBLIC OF BRAZIL
By    

/s/ Suely Dib de Sousa e Silva

 

Suely Dib de Sousa e Silva

  Attorney of the National Treasury of Brazil

 

5

EXHIBIT INDEX

 

Exhibit No.

    Page No.  

A: None

   

B: None

   

C: Copy of the 2014 Annual Budget of the Republic

      (P)(Rule 311)   

D: Current Description of the Republic

      D-1   

 

(P) Paper filing made under cover of Form SE pursuant to Rules 306(c) and 311 of Regulation S-T.

 

6