Conditions For State Bond Of The Czech Republic, 2014-2018, 0.85%

Original Language Title: emisní podmínky pro Státní dluhopis ČR, 2014-2018, 0,85%

Read the untranslated law here: https://portal.gov.cz/app/zakony/download?idBiblio=81797&nr=38~2F2014~20Sb.&ft=txt

38/2014 Sb.



The COMMUNICATION FROM the



The Ministry of finance



of 6 May 1999. March 2014,



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

2014-2018, 0.85%



Ministry of Finance (hereinafter referred to as "the Ministry") is issued by book-entry

Government bonds in the range specified by special law, and specifies 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 terms and conditions more fully delineate 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, 2014-2018,

0.85% (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, 2014-2018, 0.85%



Short name: the CZECH REPUBLIC, 0.85%, 18



Serial number of the emission: 88.



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



Emission rate: designed auctions



Form of a bond: book-entry securities to bearer



Type of bond: State Treasury bond



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



The date of commencement of the period for subscription of emissions: 12. 3.2014



The end date of the period for the subscription of emission: 15. 2.2018



Date of issue: 17. 3.2014



Due date: 17. 3.2018



The yield of the bond: determined by the fixed rate 0.85% p. a.



Tax treatment of the proceeds of the bonds: according to the legislation of the Czech Republic



Isin: CZ0001004246



Separate principal-ISIN: CZ0000702964



Coupon no. 1-ISIN: CZ0000702972



Coupon no. 2-ISIN: CZ0000702980



Coupon no. 3-ISIN: CZ0000702998



Coupon no. 4-ISIN: CZ0000703004



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 are

recorded in the central register of uncertificated securities, which 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.



4. Bonds may acquire legal and natural persons established or

resident in the territory of the Czech Republic and abroad (hereinafter 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 bond to date, 15. 2. starting in 2015.

In leap years, has the right to payment of the proceeds of the bond a person

who is entitled to exercise the rights associated with the bond to date, 16. 2.

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

to this day) to 17. 3. (this day excluded) has the person who is

entitled to exercise the rights associated with the bond to date, 15. 2.2015.

The transferability of the bond is after the date of 15. 2.2018.



6. The yield of a bond is determined by a fixed interest rate of 0.85% p. a.

Bond yields are paid once a year, always on the date 17.

3. starting in 2015. If the date falls in the yield 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 yield shall be determined as the 12-month period, from 17. 3.

(including this day) in the year to 17. 3. (this day excluded)

the year following. The first period for the payment of the proceeds

the bond shall be determined from the 17. 3.2014 (including this day) to 17. 3.2015

(this day excluded). The calculation of yield and relative yield of a bond

is based on the actual number of calendar days in a year and the actual

the number of days in the relevant period výnosovém (standard ACT/ACT ICMA).

The relative yield of a bond is to be counted from the date of the price of the bond issue,

or from the start date of the relevant income of the period to the date of calculation

proportional 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 of the relevant tranche of the bond issue will be determined

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 repayment 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 (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 when they are released first on the

the issuer's securities account according to the provisions of § 15 para. 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 Department. Own bonds acquired

by the issuer before the date of maturity, including the bonds purchased

by the issuer, do not expire, and is at the discretion of the issuer, whether it is in

the assets of the issuer and, where appropriate, is sold, or whether it decides 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 day 12. 3. Czech national 2014

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 shall determine the date and the relevant auctions. Notice of the auction shall be published

in sufficient time prior to the date of the auction on

the Ministry's website.



12. The estimated total nominal value of the bond issue is 50 000

000 000 € (in words: fifty billion Czech Crowns). Bonds may be

in accordance with the provisions of section 7 of the Act on bonds issued in 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

shall be 30 000 000 000 € (in words: thirty billion Czech Crowns).



13. The bonds will be paid off at their nominal value on the date 17. 3.2018.

To this date, ending the remuneration on bonds. The nominal value of the bonds will be

repaid along with the payment of the proceeds of the bonds, the last person that is

the owner of the bonds to date, 15. 2.2018. If the date falls

the nominal value of the bonds and the payment of revenue bonds on the last

day that is not a business day, the payment will be made

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

the postponement.



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

payment of the proceeds of the bonds and the repayment of the nominal value of the bonds

persons who are at the date provided for in these conditions

entitled to exercise the rights associated with the bond, exclusively in CZK

Czech or any other currency that will be on the date of execution of the payment

the legal currency of the United States. On the security of repayment of the bonds and

payment of the proceeds of the bonds involved in the Czech National Bank and

by the Ministry. The nominal value of the bonds will be repaid and revenue

the bonds 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

the repayment will be made to the nominal value of bonds and the payment of the proceeds

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. Any and all rights associated with the bonds in accordance with the provisions of section 42

the Act on the bonds expire ten years from the end of the day when she could

be applied for the first time.



18. these terms and conditions announced by the Ministry in the collection of laws.

Any notice to the owners of the bonds and the notification to the public

on these bonds shall be published 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.



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.



Minister:



Ing. Sport in r.