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
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
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.
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
Mgr. Sobotka in r.