The COMMUNICATION FROM the
The Ministry of finance
of 8 March. April 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 provisions of the
section 26 of Act No. 190/2004 Coll. on bonds, as amended
Regulations (hereinafter referred to as the "law on bonds"). The Ministry determines these
terms and conditions, which define in greater detail the rights and obligations of the issuer
and the owners of the bonds, as well as information about the bond issue and
the elements of the State of the bond of the Czech Republic, 2015-2030, 0.95% (
also, an "IOU", or "bonds").
1. Basic description of bonds:
Issuer: Czech Republic-Ministry of finance
Name: State Treasury bond of the Czech Republic,
Short name: the CZECH REPUBLIC, 0.95%, 30
Serial number: 94 emissions.
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 to the emissions:
The date of expiry of the deadline for subscription to the emissions:
Issuing date: 15. 5.2015
Due date: 15. 5.2030
The yield of the bond: determined by the fixed rate 0.95% p. a.
Tax treatment of the proceeds of the bonds: according to the legislation of the Czech Republic
Separate principal-ISIN: CZ0000703251
Voucher No.1-ISIN: CZ0000703269
Coupon no. 2-ISIN: CZ0000703277
Coupon no. 3-ISIN: CZ0000703285
Coupon no. 4-ISIN: CZ0000703293
Coupon no. 5-ISIN: CZ0000703301
Coupon no 6-ISIN: CZ0000703319
Coupon No 7-ISIN: CZ0000703327
Coupon no 8-ISIN: CZ0000703335
Coupon No 9-ISIN: CZ0000703343
Coupon no. 10-ISIN: CZ0000703350
Coupon no. 11-ISIN: CZ0000703368
Coupon no. 12-ISIN: CZ0000703376
Coupon no. 13-ISIN: CZ0000703384
Coupon No 14-ISIN: CZ0000703392
Coupon No 15-ISIN: CZ0000703400
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, 15. 4. starting in 2016.
The right to payment of the proceeds of the bond for the period from the date of issue (including
on this day). 5.2016 (except for this day) has the person who is
entitled to exercise the rights associated with the bond to date, 15. 4. in 2016.
The transferability of the bonds and the possibility of establishing a federal Lien
15. after the date of 4.2030 exclusive.
6. The yield of a bond is determined by a fixed interest rate of 0.95% p. a.
Bond yields are paid once a year, always on the date of 15.
5. 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 period is calculated as the annual, from 15. 5. (including the
to this day) in the year to 15. 5. (this day excluded) of the year
the next. The first period for the payment of the proceeds of the bond will
down from 15. 5.2015 (including this day) to 15. 5.2016 (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 number of the past
days in the year for which the yield or relative yield of a bond calculated
(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 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 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 (hereinafter referred to as "primary dealer") or the issuer. For more
the underwriters may auction of bonds participate 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 13 December. 5. Czech national 2015
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 on the date of 15. 5.2030.
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. 4. in 2030. 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
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
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
Ing. Sport in r.