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.