39/2014 Sb.
The COMMUNICATION FROM the
The Ministry of finance
of 6 December. March 2014,
which determine the conditions for State bond of the Czech Republic,
2014-2025, 2.40%
The Ministry of Finance (hereinafter referred to as "the Ministry") issued by the registered
Government bonds in the range specified by the special law and determines their
conditions in accordance with the provisions of section 26 of Act No. 190/2004 Coll., on
bonds, as amended, (hereinafter referred to as "the law of
bonds "). These conditions in greater detail, defining the rights and
the obligations of the issuer and the owners of the bonds, as well as information about the issue
bonds and the State of the bond of the Czech Republic, 2014-2025,
2.40% (also referred to as "IOU", or the "bonds").
1. the basic description of the bonds:
Issuer: Czech Republic-Ministry of finance
Name: State Treasury bond of the Czech Republic, 2014-2025, 2.40%
Abbreviated name: the CZECH REPUBLIC, 2.40%, 25
Serial number issue: 89.
Nominal value: 10 000 € (in words: ten thousand Czech Crowns)
Emission rate: designed auctions
Form of a bond: zaknihovaný paper bearer
Type of bond: bond
Currency in which the bonds are denominated: Czech koruna (CZK)
Start date of the period for the subscription to the emissions: 12. 3.2014
End date for the subscription period emissions: 18. 8.2025
Date of issue: 17. 3.2014
Maturity date: 17. 9.2025
The yield of the bond: designed for a fixed rate of 2.40% p. a.
Taxation of income of the bond: according to the legislation of the Czech Republic
ISIN: CZ0001004253
Separate principal-ISIN: CZ0000703012
Coupon no. 1-ISIN: CZ0000703020
Coupon no. 2-ISIN: CZ0000703038
Coupon no. 3-ISIN: CZ0000703046
Coupon no. 4-ISIN: CZ0000703053
Coupon no. 5-ISIN: CZ0000703061
Coupon no 6-ISIN: CZ0000703079
Coupon No 7-ISIN: CZ0000703087
Coupon no 8-ISIN: CZ0000703095
Coupon No 9-ISIN: CZ0000703103
Coupon no. 10-ISIN: CZ0000703111
Coupon no. 11-ISIN: CZ0000703129
2. Bonds are within the meaning of the provisions of § 25 paragraph. 2 of the law on
bonds issued on the basis of special laws.
3. The bonds are issued as book-entry securities and are
recorded in the central register of book-entry securities, which in
accordance with § 92 paragraph. 2 Act No. 256/2004 Coll., on business
capital market, in wording of later regulations, leads the Central
securities depository, a.s., Rybna, 110 05 Prague 1 14,
Czech Republic, registered the municipal court in Prague, section B, file 4308,
ID number: 25,081,489, (hereinafter referred to as "central depository") and persons authorized to conduct
the registration of building on the central register of dematerialised securities
led by the Central Depositary.
4. Bonds may be legal and natural persons established or
resident in the territory of the Czech Republic and abroad (hereinafter also referred to as
"investor" or "investors").
5. The right to payment of the proceeds of the bond to the person who is entitled to
to exercise the rights associated with the widened to date 18. 8. starting in 2015.
The right to payment of the proceeds of the bond for the period from the issue date (including
to this day) to 17. 9.2015 (except this day) has the person who is
entitled to exercise the rights associated with the widened to date 18. 8.2015.
The transferability of the bond after the date 18. 8.2025.
6. The yield of a bond is determined by a fixed interest rate of 2.40% p. a.
Bond yields are paid once a year, and it's always the date 17.
9. starting in 2015. If the date of return of the bond on the day
that is not a working day, the yield of the bond shall be paid immediately
the following working day without the right to return for this postponement.
7. the first period for the payment of the proceeds of the bond shall be determined from the
17.3. 2014 (including this day) to 17. 9.2015 (except this day).
Following the yield shall be determined as the 12-month period, and it always
from 17. 9. (including this day) in the year to 17. 9. (this day
except) the year following, starting in 2015. The calculation of yield and
proportional yield of a bond takes place on the basis of the actual number of
calendar days in a year and the actual number of days in the relevant výnosovém
period (ACT/ACT ICMA). The relative yield of a bond to the prices
counted from the date of the bond issue, or from the start date of the relevant
the revenue of the period to the date of the calculation of the maximum yield of the bond.
8. The emission of the bonds will be issued within the time limits for the emission of subscription
increments (tranches).
9. the emission rate of the bond of the relevant tranche bond issue shall be determined
rate achieved at auction.
10. the bonds offered for subscription in the Czech Republic publicly and according to § 26
paragraph. 4 of the Act on the sale of bonds on the primary market
through the Czech National Bank. The primary sale of bonds, the way
and instead of subscription bonds, method and period of transfer of the bonds
individual subscribers and how and where repayment of the emission rate
subscribed to the bond shall be governed by the applicable rules for the primary sale
Government bonds, organized the Czech National Bank, which
be published on the website of the Czech National Bank and the
of the Ministry. The primary sale of the bonds shall be carried out in the form of auctions.
The auction is the Czech National Bank. To participate in the auction, you may only
the person designated by the issuer (hereinafter referred to as "primary dealer") or the issuer. For more
investors may participate in the auction of the bonds only indirectly
through primary dealers, or by the issuer.
The issuer is entitled to write bonds in their first release on
the issuer's securities account according to the provisions of § 15 of paragraph 1. 4 of the law on
bonds and the acquisition of bonds before their maturity date, including
sale of bonds at any time after the issue date at any price and under
other conditions specified by the Ministry. Own bonds acquired
by the issuer before the date of maturity, including the bonds purchased
by the issuer, do not disappear and is at the discretion of the issuer, whether it is in
the assets of the issuer and, if necessary, sell, or otherwise decide.
11. The primary sale of bonds of the first tranche of the bond issue will be
performed by the American auction organized by day 12. 3. Czech national 2014
by the Bank. On the issue of the sale of bonds and the primary other tranches of emissions
bonds following the first tranche of the bond issue will decide
the issuer shall determine the date and the relevant auctions. Notice of the auction shall be published
in good time before the date of the auction on
the website of the Ministry.
12. The estimated total nominal value of the bond issue is 120 000
0000 0000 € (in words: one hundred and twenty billion Czech Crowns). Bonds can
be in accordance with the provisions of section 7 of the Act on the bonds issued in a smaller
or in a larger volume than the estimated the total nominal
the value of the bond issue. The possible range of magnification of the volume of bond issues
makes 40 0000 0000 0000 € (in words: forty billion Czech Crowns).
13. The bonds will be redeemed at their nominal value on the date 17. 9.2025.
To this date, ending interest bonds. The nominal value of the bonds will be
repaid along with the payment of revenue bonds, the last person that is
the owner of the bonds to the date 18. 8.2025. If the date of repayment of the
the nominal value of the bonds and the final yield of bonds to
the day is not a working day, payment will be made
immediately following the working day without the right to return for this
the postponement.
14. the issuer undertakes to ensure these conditions according to the emission
payment of the proceeds of the bonds and the repayment of the nominal value of the bonds
persons, who are to date the following conditions
entitled to exercise the rights associated with a widened, exclusively in CZK
Czech or any other currency that will be the date of the implementation of the relevant payments
the legal currency of the Czech Republic. On the security of repayment of the bonds and
payment of the proceeds of the bonds involved in the Czech National Bank and
the Ministry. The nominal value of the bonds will be repaid and revenue
the bonds will be paid by non-cash transfer, where appropriate, in
cash, according to the instructions of the persons that are to the date these
conditions authorised to exercise the rights associated with the widened.
The payment is the Czech National Bank, which will release it the way
the repayment will be made by the nominal value of bonds and the payment of the proceeds
bonds.
15. The valid assessment of financial eligibility (rating) of long-term
on CZK-denominated liabilities at the date of the determination of emission conditions made
by Standard Poor's & is at level AA, by Moody's on
level A1 and by Fitch Ratings to AA-level.
16. Bonds are direct, unconditional and nepodřízenými debts Česká
the Republic, which are on the same level with all the other existing
and future direct, unconditional and nepodřízenými debts Česká
of the Republic.
17. all rights associated with the bonds in accordance with the provisions of section 42
the Act on the bonds expire on the expiry of 10 years from the day when she could
be applied for the first time.
18. These terms and conditions promulgated by the Ministry in the collection of laws.
Any notice to the owners of the bonds and the notification to the public
concerning these bonds shall be published in the Czech language to the
the Ministry's website in the section in which the issuer will publish
information about government bonds issued by him.
19. These conditions can be translated into foreign languages. If there is a
the discrepancy between the different language versions of the emission conditions, is
the Czech version.
Minister:
Ing. Babis in r.