Emission Conditions. For Anti-Inflationary Savings Bond, 2012-2019, Cpi%

Original Language Title: emisní podm. pro Proti-inflační spořicí dluhopis, 2012-2019, CPI %

Read the untranslated law here: https://portal.gov.cz/app/zakony/download?idBiblio=77520&nr=151~2F2012~20Sb.&ft=txt

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

---------------------------------------------------------------------------------------------------



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.