218/2015 Sb.



The COMMUNICATION FROM the



The Ministry of finance



from day 4. September 2015,



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

2015-2017, 0.00%



Czech Republic issued book-entry Treasury bonds through the

The Ministry of Finance (hereinafter referred to as "the Ministry") in accordance with the

the provisions of section 26 of Act No. 190/2004 Coll. on bonds, as amended by

amended, (hereinafter referred to as the "law on bonds"). The Ministry of

Specifies the conditions that define in greater detail the rights and

the obligations of the issuer and of the owners of the bonds, as well as information on the issue

bond and Government bond of the Czech Republic, 2015-2017,

0.00% (hereinafter referred to as "IOU", or "bonds").



1. Basic description of bonds:



Issuer: Czech Republic-Ministry of finance



Name: State Treasury bond of the Czech Republic, 2015-2017, 0.00%



Short name: the CZECH REPUBLIC, 0.00%, 17



Serial number of the emission: 96.



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 of emissions: 9.9. 2015



The end date of the period for subscription: 10 emissions. 10.2017



Issuing date: 11. 9.2015



Due date: 9.11. 2017



The yield of the bond: 0.00% p. a.



A fraction of the days: ACT/ACT (ICMA)



Isin: CZ0001004592



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. transferability of the bonds and the possibility of establishing a federal Lien

right after the date 10. 10.2017 exclusive.



6. The bond is in accordance with the provisions of section 6 (1). 1 (b). (e)) of the

without bonds yield. The Department of Justice on the yield of the bond by bond

is excluded.



7. for the purposes of any calculation associated with bonds issued by the

the basis of these emission conditions shall apply a fraction of days based on naming conventions

the actual number of days in the year for which the calculation is

carried out, and the actual number of calendar days in a year [standard ACT/

/ACT (ICMA)].



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 tranche bond issue will be determined by the

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 or the issuer. Other underwriters may auctions

bonds open only indirectly through people

by the issuer or by the issuer. The issuer is entitled to write

bonds when they are released first on the issuer's securities account according to

the provisions of § 15 para. 4 the law on debt and the acquisition of bonds before

the date of maturity, including the sale of bonds at any time after the date of

emissions at any price and under other conditions specified by the Department.

Own bonds acquired by the issuer prior to maturity date, including

bonds purchased by the issuer, do not expire, and is at the discretion of the issuer,

whether it is the property of the issuer and of the leaves or is sold, or whether it decides to

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 day 9. 9.2015 Czech national

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 20 000 000 000 € (in words: twenty billion Czech Crowns).



13. The bonds will be paid off at their nominal value at the date of 9. 11.2017.

The bonds will be repaid to the person who is the owner of bonds as of the date

10.10. 17. If the date falls in the repayment of the bonds on the day which is not

business day, the payment made immediately following the

a working day without the right to return for this postponement.



14. the issuer undertakes to ensure, according to these issue conditions

repayment of the bonds of the persons who are the date set by the

conditions authorised to exercise the rights associated with the bond,

exclusively in CZK or another currency, which will be the date of the implementation of

the legal currency of the United States. On the security

repayment of the bonds involved in the Czech National Bank and the Ministry.

The nominal value of the bonds will be repaid by bank transfer,

Alternatively, in cash, according to the instructions of the people that are to the date set by the

These conditions authorised to exercise the rights associated with the

the bond. Payment is the Czech National Bank, which publishes

the way in which the repayment of the bonds will be carried out.



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. Any and all rights associated with the bonds in accordance with the provisions of section 42

the Act on the bonds expire ten years from the end of the day when she could

be applied 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.



20. The bonds are issued according to the Czech law and taxation revenue

bond proceeds according to the legislation of the Czech Republic. The rights and

the obligations of these terms and conditions and the emission of the bonds issued by their

basis shall be governed by and construed in accordance with Czech law, regardless

the provisions of the conflict of laws rules.



Minister:



Ing. Sport in r.