Terms And Conditions Of The Bond Of The Czech Republic, 2005-2020, 3.75%

Original Language Title: emisní podmínky Dluhopisu České republiky, 2005 - 2020, 3,75%

Read the untranslated law here: https://portal.gov.cz/app/zakony/download?idBiblio=60359&nr=333~2F2005~20Sb.&ft=txt

333/2005 Sb.



The COMMUNICATION FROM the



The Ministry of finance



from day 1. September 2005,



which specify the conditions of the bond of the Czech Republic, 2005-2020

3.75%



The Ministry of finance in accordance with section 25 of Act No. 190/2004 Coll., on

bonds, section 1 of Act No. 222/2003 Coll., on the State bond

program to cover the expenditure related to the construction of motorway D 47, § 1

Law No. 5/2005 Coll., on the State bond program to pay part

the loss of the Czech consolidation agency, arising from picking out non-performing

assets from 1991 to 2003, § 1 of the law No. 172/2005 Coll., on the State

the bond program to cover debt securities due in

between 2005 and 2006, section 1 of Act No. 313/2004 Coll., on the State bond

program to cover part of the budgeted deficit of the State budget of the Czech

Republic for 2004 and amending the Act No. 353/2003 Coll., on consumer

taxes, as amended by Act No. 483/2003 Coll., defines the conditions

The bond of the Czech Republic, 2005-2020, 3.75%:



1. basic characteristics of the bonds:



Issuer: Czech Republic represented by the Ministry of finance



Name: Bond of the Czech Republic, 2005-2020, 3.75%



Short name: the CZECH REPUBLIC, 3.75%, 20



Serial number of the emission: 46.



Nominal value: £ 10,000



Form of a bond: bearer securities



Form of a bond: book-entry securities



Issuing date: 12. September 2005



Maturity date: 12. September 2020



Interest income: fixed-coupon interest rate of 3.75% p. a.



The taxation of interest income: according to the legislation of the Czech Republic



Isin: CZ0001001317



Coupon no. 1, ISIN: CZ0000700679



Coupon no. 2, ISIN: CZ0000700687



Coupon no. 3, ISIN: CZ0000700695



Coupon no. 4, ISIN: CZ0000700703



Coupon no. 5, ISIN: CZ0000700711



Coupon no 6, ISIN: CZ0000700729



Coupon No 7, ISIN: CZ0000700737



Coupon no 8, ISIN: CZ0000700745



Coupon No 9, ISIN: CZ0000700752



Coupon no. 10, ISIN: CZ0000700760



Coupon no. 11, ISIN: CZ0000700778



Coupon no. 12, ISIN: CZ0000700786



Coupon no. 13, ISIN: CZ0000700794



Coupon No 14, ISIN: CZ0000700802



Coupon No 15, ISIN: CZ0000700810



The principal detached, ISIN: CZ0000700661



2. Bonds are issued pursuant to section 1 of Act No. 222/2003 Coll., on the State

the bond program to defray the expenses associated with the construction of the motorway (D)

47, § 1 of the law No. 5/2005 Coll., on the State bond program to pay

part of the loss of the Czech consolidation agency, the resulting from the reception of the

non-performing assets from 1991 to 2003, § 1 of the law No. 172/2005 Coll. on

a bond program to cover a debt payable to the principal

in 2005 and 2006, section 1 of Act No. 313/2004 Coll., on the State

the bond program to cover part of the budgeted deficit

the budget of the United States in the year 2004 and amending Act No. 356/2003 Coll.,

the Excise Tax Act, as amended by Act No. 483/2003 Coll.



3. the following shall be added to the bearer Bonds and are issued in book-entry form.

The register of owners of securities Centre leads.



4. Bonds may acquire legal and natural persons established or

resident in the territory of the Czech Republic and abroad. Repatriation of proceeds and

paid-up nominal values abroad will be carried out according to legal

the laws of the United States.



5. the Bonds yield fixed interest rate of 3.75% p. a.

Interest income is paid once a year, and it's always 12. September

of the relevant year. If payday falls on a yield

still, the payment of the first following working day without

the yield for the transferring.



6. The record date for the payment of the proceeds of the bond is preceded by one month

days to maturity yield from the bond. Ex-coupon date is the day following the

the closing date is set at 13. of August. Interest income always receives

investor, which is the owner of the bond 12. August of each year. Interest rate

revenue for the first year will receive an investor who is the owner of the bond 12.

August 2006.



7. the issuer shall submit a proposal for the registration of the bonds on the primary market of the stock exchange

securities Prague, and transferability of bond Centre

securities begins on the date of crediting of the bonds on the accounts first

owners. On the last day there will be transfers of securities

on the accounts of the owners of the securities Centre, is 12. August 2020.



8. calculation of aliquot interest rate is based on one year of 360 days

and 12 months after 30 days (BCK-standard 30E/360). Pipette an aliquot part

interest income is added to the price of a bond calculated from the date of issue.



9. Bonds to be issued after each of the sections (tranches).

Primary sale will be made in the form of American auction organized by the Czech

National Bank for a group of actors. Other investors may

participate in auctions through direct participants. Auction 1. tranche is

will take place on 7 December. September, 2005. Notice of the auction and the list of direct participants

will be published in advance. The primary sale of other tranches will be carried out

under the same conditions. Emission time limit ending on 12. August 2020.



10. The total volume of bond issue is 55 000 000 000 CZK.

Bonds may be issued in a small or large volume in accordance with §

11 (1) 1 of law No 197/2004 Coll. on bonds, to the extent that the

conform to the trend and structure of financing the deficit of the State budget.

Issuing volume can be increased to a maximum of 75 000 000 000 CZK.



11. The valid assessment of financial eligibility (rating) of long-term

on CZK-denominated liabilities was carried out and published by Standard &

Poor's and A-level.



12. The Department of Justice on the yield of a bond, according to section 18 of Act No 190/2004

Coll. on bonds, is made possible.



13. The Ministry of finance declares that he owes to each owner

Bond nominal value of the bond. The bonds will be repaid in

the nominal value at the date of 12. September 2020. That date also ends the remuneration

bonds. The nominal value of the bond and the last interest income will be

paid to the investor, which is the owner of the bond on 12 June 2006. August

20. If the day goes to the repayment of principal on a non-working day, it will be

the payment of the first following working day without the right to return for

This postponement of the payment.



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

barred the expiry of 10 years from the date on which it could be invoked for the first time

(section 42 of Act No. 190/2004 Coll. on bonds).



15. The Ministry of finance is committed to secure the payment of interest

the proceeds of the bonds and repay the nominal value of the bonds of their

According to the owners of these emission conditions. Payment is

National Bank. Payment instead shall publish the manner in which payment of the

the coupon and the repayment of the nominal value of the executed.



16. Bonds are direct, unconditional and nepodřízenými liabilities

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

and future direct, unconditional and nepodřízenými liabilities

of the Republic.



17. the notification to the public about these bonds will be

published in newspapers or other similarly focused

the journal, commonly available in the Czech Republic and on the website

The Ministry of finance.



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

a conflict between the various language versions, the issue conditions

Czech version.



Minister:



Mgr. Sobotka in r.