Conditions For State Bond Of The Czech Republic, 2015-2030, 0.95%

Original Language Title: emisní podmínky pro Státní dluhopis ČR, 2015-2030, 0,95%

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Read the untranslated law here: https://portal.gov.cz/app/zakony/download?idBiblio=84090&nr=114~2F2015~20Sb.&ft=txt

114/2015 Sb.



The COMMUNICATION FROM the



The Ministry of finance



of 8 March. April 2015,



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

2015-2030, 0.95%



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,



2015-2030, 0.95%



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:



13.5. 2015



The date of expiry of the deadline for subscription to the emissions:



15.4. 2030



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



Isin: CZ0001004477



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

the postponement.



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

Czech).



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

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. 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.



Minister:



Ing. Sport in r.