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Conditions For State Bond Of The Czech Republic, 2016-2018 0.00%

Original Language Title: emisní podmínky pro Státní dluhopis ČR, 2016-2018 0,00%

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17/2016 Sb.



The COMMUNICATION FROM the



The Ministry of finance



of 7 June. January 2016,



which determine the conditions for State bond of the Czech Republic,

2016-2018, 0.00%



Czech Republic issued book-entry Treasury bonds through the

The Ministry of Finance (hereinafter referred to as "the Ministry") in accordance with the

the provisions of section 26 of Act No. 190/2004 Coll. on bonds, as amended by

amended, (hereinafter referred to as the "law on bonds"). The Ministry of

Specifies the conditions that define in detail 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, 2016-2018,

0.00% (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, 2016-2018, 0.00%



Abbreviated name: the CZECH REPUBLIC, 0.00%, 18



Serial number issue: 99.



Nominal value: 10 000 € (in words: ten thousand Czech Crowns)



Form of a bond: zaknihovaný paper bearer



Category: State bond bond



Currency in which the bonds are denominated: Czech koruna (CZK)



Start date of the period for the subscription to the emissions: 20. 1.2016



The date of expiry of the deadline for subscription issue: 23. 12.2017



Issue date: 22. 1.2016



Due date: 22. 1.2018



The yield of the bond: 0.00% p. a.



A fraction of the days: ACT/ACT (ICMA)



ISIN: CZ0001004709



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 to the date of the issue

are recorded in the central register of dematerialised securities

in accordance with section 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. A person other than the central depository,

who is authorised to keep a record book entry securities, leads

the registration of the bonds, the issuer so decided.



4. Bonds may subscribe for and acquire legal and natural persons

established or resident in the territory of the Czech Republic and abroad (hereinafter referred to as

"underwriter" or the "Underwriters").



5. Transferability of the bonds and the possibility to establish a federal mortgage

right after the date 23. 12.2017.



6. the Bond is in accordance with the provisions of section 6 (1). 1 (a). (e)) of the law on

without the bonds yield. The Department of Justice on the yield of the bond by bond

is excluded.



7. for the purposes of any calculation associated with bonds issued by the

the basis of these emission conditions shall apply a fraction of days based on the conventions of the

the actual number of days in the period for which it is the relevant calculation

implemented, and the actual number of calendar days in a year [standard ACT/ACT

(ICMA)].



8. the issue of bonds may be issued within the time limits for the emission of subscription

increments (tranches).



9. the emission rate of the bond of the relevant tranche of the bond issue will be determined

rate achieved at auction. In the case of the issuance of bonds by writing to

securities account of the issuer of the bond will be determined by the emission rate in the amount of 100% of the

of the nominal value.



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 the reimbursement 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 (hereinafter referred to as

"The rules of the auction"), which shall be published on the website of the Czech

the National Bank and 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

only the person designated by the issuer or the issuer. Other underwriters will

may participate in the auction of the bonds only indirectly through people

designated by the issuer or by the issuer. The issuer is entitled to

write the bonds when they are released first on the securities account of the issuer

According to the provisions of § 15 of paragraph 1. 4 the law on debt and the acquisition of bonds

before the date of maturity, including the sale of bonds at any time after

the issue date for any price and under other conditions specified

by the Ministry. Own bonds acquired by the issuer before the date of their

maturity, including the bonds purchased by the issuer, do not disappear and is on the

at the discretion of the issuer, that is the property of the issuer and of the leaves or is

sell or otherwise decide.



11. The primary sale of bonds of the first tranche of the bond issue will be

carried out through auctions organized by 20 July. 1.2016 Czech national

the Bank, according to the rules of the auction. On the issue and the primary sale of bonds

the other tranche bond issue following the first tranche of the issue

the bonds, the issuer decides and determines the date and method of relevant auctions by

The rules of the auction. Notice of the auction and how the auction shall be published in the

sufficient time prior to the date of the auction on the Internet

the website of the Ministry.



12. Bonds may be in accordance with the provisions of section 7 of the Act on the

bonds issued in smaller or more of the total nominal value of the

the bond issue was estimated the total nominal value of the issue

bonds. The possible range of magnification the total nominal value of the issue

the bonds shall be 20 0000 0000 0000 € (in words: twenty billion Czech Crowns).



13. The bonds will be redeemed at their nominal value on the date of 22. 1.2018.

The bonds will be repaid to the person who is the owner of the bonds to the date

23.12. 2017. If the date of repayment of the bonds on the day that is not

a working day, the payment made immediately following the

a working day without the right to return for this postponement.



14. the issuer undertakes to ensure these conditions according to the emission

repayment of the bonds of the persons who are to the date these

conditions authorised to exercise the rights associated with a widened,

exclusively in CZK or another currency, which will be the date of implementation of the

the payments concerned the legal currency of the Czech Republic. On security

repayment of the bonds involved in the Czech National Bank and the Ministry.

The nominal value of the bonds will be repaid by non-cash transfer,

or in cash, according to the instructions of the persons that are to the date set by the

These conditions authorised to exercise the rights associated with the

widened. The payment is the Czech National Bank, which publish

the way in which the repayment of the bonds will be carried out.



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. The indication

the estimated total nominal value of the bond issue will be made available

together with these conditions by posting 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. In the same way

also be published any more notifications to owners of bonds and

notice to the public on these bonds.



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.



20. The bonds are issued according to the Czech law and taxation revenue

Bond takes place according to the legislation of the Czech Republic. The rights and

the obligations of these terms and conditions and the emission of the bonds issued by their

basis shall be governed by and interpreted in accordance with Czech law, regardless

the provisions of the conflict of laws rules.



Minister:



Ing. Babis in r.