Conditions For State Bond Of The Czech Republic, 2015-2023, 0.45%

Original Language Title: emisní podmínky pro Státní dluhopis ČR, 2015-2023, 0,45%

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Read the untranslated law here: https://portal.gov.cz/app/zakony/download?idBiblio=84693&nr=241~2F2015~20Sb.&ft=txt

241/2015 Sb.



The COMMUNICATION FROM the



The Ministry of finance



from day 4. September 2015,



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

2015-2023, 0.45%



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 greater detail the rights and

the obligations of the issuer and of the owners of the bonds, as well as information on the issue

bond and Government bond of the Czech Republic, 2015-

2023, 0.45% (hereinafter referred to as "IOU", or "bonds").



1. Basic description of bonds:



Issuer: Czech Republic-Ministry of finance



Name: State Treasury bond of the Czech Republic, 2015-2023, 0.45%



Short name: the CZECH REPUBLIC, 0.45%, 23



Serial number of the emission: 97.



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



Emission rate: designed auctions



Form of a bond: book-entry securities to bearer



Category: Government bond bond



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



The date of commencement of the period for subscription: 23 emissions. 9.2015



The end date of the period for the subscription of emissions: 25. 9.2023



Issue date: 25. 9.2015



Due date: 25. 10.2023



The yield of the bond: determined by the fixed rate 0.45% p. a.



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



Isin: CZ0001004600



Separate principal-ISIN: CZ0000703418



Voucher No.1-ISIN: CZ0000703426



Coupon no. 2-ISIN: CZ0000703434



Coupon no. 3-ISIN: CZ0000703442



Coupon no. 4-ISIN: CZ0000703459



Coupon no. 5-ISIN: CZ0000703467



Coupon no 6-ISIN: CZ0000703475



Coupon No 7-ISIN: CZ0000703483



Coupon no 8-ISIN: CZ0000703491



2. Bonds are within the meaning of the provisions of § 25 para. 2 of the law on

bonds issued on the basis of special legislation.



3. the bonds are issued as book-entry securities and to the date of the issue

are recorded in the central register of uncertificated securities,

in accordance with § 92 para. 2 Act No. 256/2004 Coll., on business

the capital market, as amended by later regulations, maintain a central

securities depository, a.s., registered office: 14, 110 05 Prague 1

Czech Republic, registered the municipal court in Prague, section B, file 4308,

Company registration number: 25081489, (hereinafter referred to as "CSD") and persons authorized to keep

building on the central register of dematerialized securities

led by the CSD. A person other than the CSD

who is entitled to keep a register of uncertificated securities, leads

records of bonds, if so decided by the issuer.



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

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

"underwriter" or the "Underwriters").



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 bond to date, 25. 9. starting in 2016.

The right to payment of the proceeds of the bond for the period from the date of issue (including

This day) to 25. 10.2016 (except for this day) has the person who is

entitled to exercise the rights associated with the bond to date, 25. 9.2016.

The transferability of the bonds and the possibility of establishing a federal Lien

25 after date. 9.2023 exclusive.



6. The yield of a bond is determined by a fixed interest rate of 0.45% p. a.

Bond yields are paid once a year, and always at the date of 25.

10. in the year starting in 2016. If the date falls in the middle of the yield

the bond on a day which is not a working day, the yield of the bond

immediately following the working day without the right to return for this

the postponement.



7. the first period for the payment of the proceeds of the bond shall be determined from the

25.9. 2015 (including this day) to 25. 10.2016 (this day excluded).

The following period is calculated as the annual, from 25. 10.

(including this day) in the year to 25. 10. (this day excluded)

the year following, starting in 2016. For the purposes of calculating yield and

proportional yield of a bond, it's a fraction of the days on the basis of conventions

the actual number of days in the period for which the yield or relative

the yield of the bond is calculated, and the actual number of calendar days in a year

[standard ACT/ACT (ICMA)]. The relative yield of a bond is in the price of the bond

counted from the date of issue, or from the start date of the relevant revenue

the period to the date of calculation of the relative yield of the bond.



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

increments (in tranches).



9. the Emission rate of the bond tranche bond issue will be determined by the

rate achieved at auction.



10. Bonds offered for subscription to the public in the Czech Republic 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 underwriting bonds, method and period of transfer of the bonds

individual subscribers and how and where the reimbursement of the emission rate

the subscribed bonds is governed by the applicable rules for the primary sale

Government bonds organised the Czech National Bank, which

be published on the website of the Czech National Bank and

of the Ministry. The primary sale of the bonds shall be carried out by means of auctions.

The auction is the Czech National Bank. To participate in an auction may only

the person designated by the issuer or the issuer. Other underwriters may auctions

bonds open only indirectly through people

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

bonds when they are released first on the issuer's securities account according to

the provisions of § 15 para. 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 date of

emissions at any price and under other conditions specified by the Department.

Own bonds acquired by the issuer prior to maturity date, including

bonds purchased by the issuer, do not expire, and is at the discretion of the issuer,

whether it is the property of the issuer and of the leaves or is sold, or whether it decides to

otherwise.



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

made in the form of American auction organized by 23 July. 9.2015 Czech national

by the Bank. On the issue of the primary sale of bonds and additional tranches of emissions

bonds following the first tranche of the bond issue will decide

the issuer and shall determine the date and form of the relevant auction. Notice of auction

be published in sufficient time prior to the date of the auction on

the Ministry's website.



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

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

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

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

the bonds shall be 50 000 000 000 € (in words: fifty billion crowns

Czech).



13. The bonds will be paid off at their nominal value at the date of 25. 10.2023.

To this date, ending the remuneration on bonds. The bonds will be repaid, along with

the payment of the last bond yield to the person who is the owner of

bonds to date, 25. 9.2023. If the date falls in the repayment of the bonds and

the payment of revenue bonds on the last day which is not working

on the day, they will be made immediately following the work payments

a day without the right to return for this postponement.



14. the issuer undertakes to ensure, according to these issue conditions

payment of the proceeds of the bonds and repayment of the bonds of the persons who are to

date fixed by the conditions authorized to exercise the rights

associated with the bond, exclusively in CZK or another currency, which

It will be the date of the payment of the legal currency of the United States.

On the security of repayment of the bonds and the payment of revenue bonds

involved in the Czech National Bank and the Ministry. The bonds will be paid off and

bond yields will be paid by bank transfer, or in

cash, according to the instructions of the people that are to the date set by the

conditions authorised to exercise the rights associated with the bond.

Payment is the Czech National Bank, which will publish the way

repayment of the bonds will be carried out and the payment of revenue bonds.



15. Valid assessment of financial eligibility (rating) of long-term

on CZK-denominated liabilities at the date of the determination of the issue conditions made

by Standard Poor's & is a level AA, Moody's on

level A1 and by Fitch Ratings to AA-level.



16. Bonds are direct, unconditional and nepodřízenými debts the United

States that are on the same level with all the other existing

and future direct, unconditional and nepodřízenými debts the United

of the Republic.



17. all the rights attaching to the bonds and the coupons are issued to them in

accordance with the provisions of section 42 of the Act on bonds forfeited in the end of the

ten years from the date on which it could be invoked for the first time.



18. these terms and conditions announced 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 publishes

information about government bonds issued by him. In the same way

also, any additional published notice to the owners of bonds and

notice to the public on these bonds.



19. these terms and conditions may be translated into foreign languages. If there is a

a conflict between the different language versions, the issue conditions, is

Czech version.



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

bond proceeds 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 construed in accordance with Czech law, regardless

the provisions of the conflict of laws rules.



Minister:



Ing. Sport in r.