261/2003 Coll.
The COMMUNICATION FROM the
The Ministry of finance
from day 1. August 2003,
which specify the conditions of the bond of the Czech Republic, 2003-2018,
4.60%
The Ministry of finance in accordance with section 19 of law no 530/1990 Coll., on
bonds, as amended, section 1 of the Act No. 120/2003 Coll.
on the State bond program to cover part of the budgeted deficit
the State budget of the Czech Republic for the year 2003, and section 1 of the law No. 121/2003
Coll., on the State bond program to cover deficit of the State
the budget for the year 2001 and the outstanding part of the deficit of the State budget for
year 2000, specifies the terms and conditions of the bond of the Czech Republic, 2003-
2018, 4.60%:
1. basic characteristics of the bonds:
Issuer: Czech Republic represented by the Ministry of finance
Name: Bond of the Czech Republic, 2003-2018, 4.60%
Short name: the CZECH REPUBLIC, 4.60%, 18
Serial number of the emission: 41
Nominal value: £ 10,000
Form of a bond: bearer securities
Form of a bond: book-entry securities
Issuing date: 18. August 2003
Due date: 18. August 2018
Interest income: fixed rate coupon 4.60% p. a.
The taxation of interest income: according to the legislation of the Czech Republic
ISIN: CZ 0001000822
Coupon no. 1! ISIN: CZ 0000700380
Coupon no. 2, Bill ISIN: CZ 0000700398
Coupon no. 3! ISIN: CZ 0000700406
Coupon no. 4, Bill ISIN: CZ 0000700414
Coupon no. 5, Bill ISIN: CZ 0000700422
Coupon no 6! ISIN: CZ 0000700430
Coupon No 7! ISIN: CZ 0000700547
Coupon no 8! ISIN: CZ 0000700455
Coupon No 9! ISIN: CZ 0000700463
Coupon no. 10, distracted ISIN: CZ 0000700471
Coupon No 11, Bill ISIN: CZ 0000700489
Coupon no. 12, Bill ISIN: CZ 0000700497
Coupon no. 1! ISIN: CZ 0000700505
Coupon No 14! ISIN: CZ 0000700513
Coupon No 15, Bill ISIN: CZ 0000700521
Principal, detached ISIN: CZ 0000700539.
2. Bonds are issued pursuant to section 1 of Act No. 120/2003 Coll., on the State
the bond program to cover part of the budgeted deficit
the budget of the Czech Republic for the year 2003, and section 1 of the law No. 121/2003 Coll.
Government bond programme to cover deficit of the State budget for
the year 2001 and the outstanding part of the deficit of the State budget for the year 2000.
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 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 the accounts of the first owners of the bonds.
The last day will be to transfer the securities on the accounts
the owners of the securities Centre, is 18. July 2018.
6. Bonds are interest-bearing a fixed interest rate of 4.60% p. a.
Interest income is paid once a year, and always to 18. August
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.
7. 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 19. July. Interest income always receives
an investor who is the owner of the bond 18. July of each year.
Interest income for the first year will receive an investor who is the owner of
Bond 18. July 2004.
8. calculation of aliquot interest rate is based on one year of 360 days
and 12 30-day months (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).
The primary sale of 1. the tranche will be made in the form of the yield of the auction organized by the
The Czech National Bank for a group of actors on 13 November. August 2003.
The primary sale of other tranches will be carried out under the same conditions.
The emission period ending on 18. July 2018. Other investors may
participate in auctions through direct participants. Notice of the auction and
the list of direct participants will be published in advance.
10. The total volume of bond issue is 75 000 000 000 CZK.
11. 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 18. August 2018. That date also ends the remuneration
bonds. The nominal value of the bond, together with the last interest
the proceeds will be paid to the investor, which is the owner of the bond of the day
July 18, 2018. If the day falls on the day of the repayment of principal
still, the payment of the first following working day without
the yield for the transferring.
12. All the rights arising from the bonds expire on the expiry of the ten
years from the due date (section 23 of law no 530/1990 Coll. on bonds, in
as amended).
13. 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 a commercial
Bank Payment instead shall publish the manner in which payment of the coupon
and the repayment of the nominal value of the executed.
14. 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.
15. the notification to the public about these bonds will be
published.
16. 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.