Conditions Of The Bonds Of The United States, 2003-2018, 4.60%

Original Language Title: emisní podmínky Dluhopisu České republiky, 2003 - 2018, 4,60 %

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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.

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