The COMMUNICATION FROM the
The Ministry of finance
from day 4. September 2015,
which determine the conditions for State bond of the Czech Republic,
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)
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
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
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
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
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.
Ing. Sport in r.