151/2012 Sb.
The COMMUNICATION FROM the
The Ministry of finance
of 9 June. may 2012,
which determine the conditions for the anti-inflationary savings State
the bond of the Czech Republic, 2012-2019, CPI%
The Ministry of Finance issued Treasury bonds in accordance with the provisions of section
25 of the Act No 190/2004 Coll. on bonds, as amended,
(hereinafter referred to as the "law on bonds") and specifies the terms and conditions
The Government's anti-inflationary savings Government bond of the Czech Republic,
2012-2019, CPI,%:
1. basic characteristics of the bonds:
Issuer: Czech Republic-Ministry of finance
Name: anti-inflationary State savings bond of the Czech Republic,
2012-2019, CPI%
Abbreviated name: SSD-as well as the CZECH REPUBLIC, CPI%, 19
Serial number of the emission: 70.
Nominal value: 1.0-€ (in words: one Czech Crown)
Emission rate: 100% of the nominal value of the
Form of a bond: bearer securities
Form of a bond: book-entry securities
Currency in which the bonds are denominated: Czech koruna (CZK)
Date of beginning of the emission limits: 10. 5.2012
The end date of the emission limits: 12. 12.2018
Issuing date: 12. 6.2012
Maturity date: 12. 6.2019
Interest income: coupon with floating rate
The taxation of interest income: according to the legislation of the Czech Republic
Isin: CZ0001003586
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 on the State
bond program issuance of government bonds, which allow you to.
3. the following shall be added to the bearer Bonds, issued in book-entry form and
are recorded in a separate register, pursuant to the provisions of § 35
paragraph. 1 (b). d) of Act No. 218/2000 Coll., on the budgetary rules, in the
as amended, the Ministry of Finance (hereinafter referred to as "evidence
the Ministry ").
4. Bonds may subscribe only to a natural person or civic association
natural persons.
5. the Ministry of finance as the issuer does not intend to apply for admission
bonds to trading on a regulated European market or in
multilateral trading system located in a Member State of the European
Union. Bond trading on the transfer parts
out of the question.
6. The total projected nominal value of the bond issue is 10 000
000 000 € (in words: ten billion Czech Crowns). Bonds may be in
accordance with the provisions of section 11 of the Act on bonds issued in smaller or in
a larger volume than the estimated total nominal value
bond issue. The possible range of the increase of the volume of emissions amounts to 100 000 000
000 € (in words: one hundred billion Czech Crowns).
7. the issue of bonds may be issued within the emission limits at
parts (tranches).
8. the Bonds will be, with the exception of bonds referred to in section 12 of these emissions
the conditions offered by the issuer to bond in the Czech Republic in the form of public
menu. Activities associated with the subscription of bonds provides the Ministry of
Finance and the persons instructed to carry such activities (hereinafter referred to as
"distributors"). List of distributors shall be published on the Internet
the Ministry of finance and other ways that allow remote
access.
9. The underwriters mentioned in point 4 of these emission conditions served
request for subscription debentures of the relevant tranche through the Distributor.
A Subscriber can subscribe to through one application for subscription
bonds in a number of pieces of at least 1000 (in words: one thousand). Underwriters
are required when applying for the subscription of the bonds to the Distributor
credible way demonstrate that they belong among the persons referred to in point 4
These emission conditions. The price of the subscription of the bonds means the total
the nominal value of the subscribed bonds multiplied by their IPO.
The Subscriber is obliged to pay the price of the subscription of bonds within five working
days from the end date of the subscription of the relevant tranche. At the moment of payment of the price
subscription of bonds on behalf of the originator of the Distributor's request for bond
bonds becomes a valid, binding, and cannot be made by underwriters
Cancel. From the date of payment of the price of the subscription of the bonds to the date of issue of the relevant
This amount does not include interest tranche. After the date of termination of the subscription of the
the tranche of bonds will no longer be the appropriate subscription request tranches of bonds
distributors received. In the case of reaching or exceeding the
the estimated nominal value of the bond issue, in accordance with section 6 of these
issue conditions may the Ministry of finance to decide on the reduction of the number of
pieces of the subscribed bonds by bond bond requests submitted to the
end date of the subscription of the relevant tranche of bonds. Unmet or
partly uspokojeným investors returns by paid subscription price
bonds, which have not been subscribed for, without undue delay, direct debit
transfer to the payment account from which the funds were
remitted to the account of the Distributor, or in the payment account referred to in the application for
in the case of payment of the subscription price bond subscription of the bond in cash. From
the date of payment of the price of subscription bonds, which were underwritten by the date
refund of the paid price for the bonds, which have not been subscribed for, this amount is not
interest on it.
10. one underwriter may submit requests through distributors
Bond bond bond when the bond to each of the tranches referred to in points 11 and 13
These emission conditions in the total number of pieces not exceeding 5 000 000
(in words: five million) for each tranche.
11. the first tranche of the bond Subscription is terminated on the date 31. 5.2012, or to
date to be determined by the issuer, whichever date is earlier.
12. the issue of the next tranches of bonds takes place in the form of reinvestment
interest income bonds issued in previous instalments referred to in point
15 the issue conditions, with the exception of the last interest income, and
the date of this reinvestment of interest income.
13. the issuer may decide to subscribe for any additional tranches of bonds
In addition to the tranches referred to in points 11 and 12 of these emission conditions
the start date and end date for the subscription of bonds the next tranche.
Notice of any other tranches shall be published on the Internet
the Ministry of finance and other ways that allow remote
access.
14. transferability bonds in the records of the Ministry commences on the date
credited to the accounts of the first purchasers of the bonds. The request for conversion
bonds is served by the Distributor. Bonds
transferred without cash settlement. The bonds can be converted only to the
the persons referred to in point 4 of these emission conditions. The person to whom the
the bonds convert, is required to request a transfer of bonds
Distributor credible way demonstrate that belongs to the people
referred to in point 4 of these emission conditions. The last day will be
experience transfer in the records of the Ministry, the bonds is 10. 5.2019.
15. Bonds are remunerated at the variable interest rate. Interest income
(coupon) for six months (p. s., per semestre) for the period, which
ending date of 12. 6. shall be fixed as a percentage change of the index
consumer prices (cost of living) for the month of April of the relevant
the year against an index of consumer prices (cost of living) per month
October of the previous year, to the extent of six decimal places; as follows
fixed interest return is rounded to five decimal places.
Interest income (coupon) for six months (p. s., per semestre) for revenue
period ending date 12. 12. shall be fixed as a percentage change
index of consumer prices (cost of living) for the month of October
that year against the index of consumer prices (cost of living)
for the month of April of the same year, to the extent of six decimal places; as follows
fixed interest return is rounded to five decimal places.
A minimum interest in any výnosovém period shall be 0%. Interest rate
the yield for the relevant period and its calculation shall be published on the
the website of the Ministry of finance no later than the date always 20.
5. and to date 20. 11. the relevant year. Interest income is reinvested and
It's always the date 12. 6. and to date 12. 12., starting from the date 12. 12.2012,
with the exception of the last interest income, which is the owner of the bonds
repaid along with the nominal value of the bond at maturity,
If the owner submits an application for bond reinvestment of the last
interest income and the nominal value of the bonds according to point 24 of the
issue conditions. If the owner submits a request for bonds premature
the repayment referred to in section 21 of these terms and conditions, the applicable amount of emissions
interest income for the period, which ends just preceded or
is the same as the date of early repayment, nereinvestuje,
but the owner of the bond is paid pursuant to paragraph 21 of these emissions
terms and conditions. Reinvestment conditions, interest income means that the asset account
the owner of the bonds are at the date of reinvestment of interest income credited to the
bonds of the same issue in the total nominal value, which corresponds to the amount of
interest income from all bonds of the same issue for the owner
the yield of the period. If the date falls in the reinvestment of interest income on the day
that is not a business day, will be the respective bonds credited to the
securities account the owner of the bonds, the first following working day.
The total amount of interest income from all the bonds the owner
the relevant period for the purpose of reinvestment rounded up to whole
Crown upwards. Reinvestment conditions, interest income increases the number of
pieces of the bond owner and the volume of emissions. The total amount of the last
interest income from all bonds to be paid to the owner, owner
If the owner of the bonds, the last interest reinvestment request
the revenue according to point 24 of the emission conditions, shall be rounded up to
pennies.
16. The yield shall be determined as the six-month period, from 12. 6.
to 12. 12. in the year and more from 12. 12. the year to 12.
6. the following year. The first period for reinvested interest
the yield is from 12. 6.2012 until 12. 12.2012. Second period for
reinvestment of interest income is from 12. 12.2012 until 12. 6.2013.
17. Consumer Price Index (cost of living) is published
monthly, the Czech Statistical Office on its website
According to the calendar dates of publication. If the index of consumer
prices (cost of living) for the month of April and for the month of October of the
of the Czech Statistical Office published at all, or if it is published
in the year following the date of 20. 5. or 20. 11., shall apply to
the determination of the interest income for the period referred to in section 15
These emission conditions last known consumer price index
(cost of living) published by the Czech Statistical Office and the competent
the consumer price index (cost of living) of the month
prior to the respective month of about six months.
18. Interest income in accordance with section 15 of these emission conditions always receives
the person who is the owner of the bonds on the date 12. 11. starting in 2012
and to date, 12. 5. from 2013 onwards. Interest income in the form of reinvestment
for the first period from the date of issue until 12. 12.2012 receives a person
who is the owner of the bonds on the date 12. 11.2012.
19. The Department of law at bond interest income from bonds is excluded.
20. the Ministry of finance as issuer is not entitled to repaying
bonds issued before the due date, unless a premature
the repayment of the bond owner pursuant to paragraph 21 of these emission conditions.
The Ministry of finance is authorised to acquire the bonds to their asset in
the meaning of the provisions of article 15, paragraph 2. 4 of the Act on bonds.
21. The owner of the bonds has the right to ask the Ministry of finance as a
the issuer through the Distributor, early repayment of all or
part of it is owned by the bonds according to the following timetable:
---------------------------------------------------------------------------------------------------
The date of the first of a possible Filing Date the last possible Filing Date
request for early repayment request for early repayment early repayment
---------------------------------------------------------------------------------------------------
1.10. 2013 31. 10.2013 12. 12, 2013.
1.4. 2014 30. 4.2014 12. 6.2014
1.10. 2014 31. 10.2014 12. 12.2014
1.4. 2015 30. 4.2015 12. 6.2015
1.10. 2015 30. 10.2015 14. 12.2015
1.4. 2016 29. 4.2016 13. 6.2016
3.10. 2016 31. 10.2016 12. 12.2016
3.4. 2017 28. 4.2017 12. 6.2017
2.10. 2017 31. 10.2017 12. 12.2017
3.4. 2018 30. 4.2018 12. 6.2018
1.10. 2018 31. 10.2018 12. 12.2018
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The nominal value of the bonds and the interest income for the period from the date of
begin to date their relevant income period will be paid
the person who is the owner of the bonds on the first working day of
following after the last possible date of submission of the
the early repayment. Request for early repayment given owner
the bonds through a Distributor. From the moment of submission of the
the early repayment of the bonds cannot be in the number of pieces, in which it was filed
the appropriate request for early repayment, transferred to another authorized
of the person. One owner bonds to one date of early may
repayment through a single request for early repayment request
the early repayment of bonds owned not less than 1 000
(in words: one thousand). A bond owner can one date
early repayment request early repayment of the 100% owned
bonds to the number of pieces of 500 000 (five hundred thousand) including and not more than
50% owned bonds over the number of pieces of 500 000 (in words: five hundred
a thousand). Early repayment of the bonds expire at the same time with the law
the owner of the interest income. The amount corresponding to the nominal value
the owner of the relevant interest rate and bond yield will be the owner when
early repayment paid by bank transfer, payment account
that is denominated in the domestic currency and the country in which the owner of the bonds
must indicate when the subscription, transfer or gradient of the bond. Possible change
payment account shall notify the owner of the bonds through a Distributor.
The total amount of the relevant interest income from bonds, about
the early repayment of the bond owner asked to be paid
the owner for the period from the start date to the end date of the relevant
period, the revenue shall be rounded to the penny.
22. the issuer declares that the due date he owes each owner
nominal value of the bonds owned the bonds. The bonds will be
repaid at their nominal value at the date of 12. 6.2019, except where the owner of the
application for reinvestment of the last bond interest income and the nominal
the value of these bonds according to point 24 of the issue conditions. This
the date ends with interest bonds. The nominal value of all bonds
the owner will be together with the final interest yield is paid to the person
who is the owner of the bonds on the date 12. 5.2019. If the date falls
repayment of the nominal value of the bonds and the last interest payout
the yield on a day which is not a business day, the payment will be made the first
the following working day without any interest for this eviction
payment.
23. the issuer agrees to repay the nominal value of bonds together with
the final interest yield of the bonds according to the owners of these emissions
terms and conditions. Payment is the Czech National Bank. The nominal value
bonds together with the final interest yield is paid
payment by bank transfer on the account, which is maintained in the country in the
the domestic currency, and that is the owner of the bonds shall state when you subscribe for,
transfer or gradient of the bonds, except where the owner of the bond request
the last time reinvestment of interest income and the nominal value of these
According to point 24 of the bond issue conditions. Possible change
payment account shall notify the owner of the bonds through a Distributor.
24. The owner of the bonds is entitled to approach the Ministry of finance as
the issuer through the distributor of reinvestment of the last
interest income and the nominal value of all or part of it is owned by the
bonds of this issue. In this case, will not be the owner of the bonds
their last interest income and the nominal value or their respective
the portion paid by bank transfer to the account of payment in accordance with point 23
These emission conditions, but will be on the owner of the required amount of
reinvested in bonds designated by the issuer. Notice of the date,
from which it is possible to request a reinvestment of the last interest rate
income and the nominal value of the bonds, and the bonds that
can the last interest income and the nominal value of the bonds
reinvest, shall be published in advance on the Internet
the Ministry of finance and other ways that allow remote
access. The last of the reinvestment of interest income and the nominal value of
all or part of it is owned by the owner of the bonds the bonds will ask
reinvestment of the last request of interest income and the nominal
the value of the bonds through a Distributor. The total amount of
interest income from the bonds of the owner in the number of pieces in which the
the last request for the reinvestment of interest income and the nominal
the value of the bonds, the last period for the purpose of reinvestment
the last interest income and the nominal value of the bonds shall be rounded
the entire Crown upwards. The last day for the submission of applications for
the last time reinvestment of interest income and the nominal value of bonds
is 9. 5.2019.
25. The 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.
26. 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.
27. all the rights attaching to the bonds and coupons are issued to them in
the meaning of the provisions of section 42 of the Act on the expiration of the ten forfeited bonds
years from the date on which it could be invoked for the first time.
28. these terms and conditions shall be published in the statute book. Notifications for
the public on these bonds shall be published on the Internet
the Ministry of finance and other ways that allow remote
access.
29. the operational rules of the separate registration of government bonds held
The Ministry of finance is binding for all owners of bonds and
published on the website of the Ministry of finance.
30. The Ministry of finance reserves the right to make all acts
associated with keeping the Ministry, subscription bonds,
early repayment of the bonds, the last time reinvestment conditions, interest income
and the nominal value of the bonds, the entries in the register of the Ministry, changes
data and other related activities defined Operating Regulations
a separate register of government bonds held by the Ministry of finance.
31. these terms and conditions may be translated into foreign languages. If there is a
a conflict between the different language versions, the issue conditions, shall decide
This version of the Czech.
Minister:
Ing. Kalousek in r.
