Terms And Conditions Of The Bond Of The Czech Republic, 2010-2015, And 3.40%

Original Language Title: emisní podmínky Dluhopisu České republiky, 2010 - 2015, 3,40%

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55/2010 Sb.


The Ministry of finance

of 18 May. February 2010,

which specify the conditions of the bond of the Czech Republic, 2010-2015


The Ministry of Finance issued Treasury bonds in accordance with § 25 of the law No.

190/2004 Coll. on bonds, as amended, (hereinafter referred to as

"the law on bonds") and specifies the terms and conditions of the bond of the Czech

Republic, 2010-2015, and 3.40%:

1. basic characteristics of the bonds:

Issuer: Czech Republic represented by the Ministry of finance

Name: Bond of the Czech Republic, 2010-2015, and 3.40%

Short name: the CZECH REPUBLIC, and 3.40%, 15

Serial number of the emission: 60.

Nominal value: £ 10,000

Form of a bond: bearer securities

Form of a bond: book-entry securities

Date of issue: March 1, 2010

Due date: September 1, 2015

Interest income: fixed rate coupon 3.40% p. a.

The taxation of interest income: according to the legislation of the Czech Republic

ISIN: CZ 0001002737

Coupon no. 1, ISIN: CZ0000702337

Coupon no. 2, ISIN: CZ0000702345

Coupon no. 3, ISIN: CZ0000702352

Coupon no. 4, ISIN: CZ0000702360

Coupon no. 5, ISIN: CZ0000702378

The principal detached, ISIN: CZ0000702329

The bonds are in the sense of § 25 para. 2 of the Act on bonds issued to

the basis of special laws, which allow you to release Government bonds.

2. the following shall be added to the bearer Bonds and are issued in book-entry form.

The register of owners of securities Centre leads.

3. 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.

4. the issuer shall make a proposal on the adoption of the bonds to trading on the

market of the Prague stock exchange, a. s.

5. 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 2. of August. Interest income always receives

investor, which is the owner of the bond 1. August starting in 2011.

Interest income for the first period from the date of issue up to 1. September 2011

the investor receives, which is the owner of the bond 1. August 2011.

6. Bonds are interest-bearing a fixed interest rate of 3.40% p. a.

Interest income is paid once a year, and always to 1. September

starting in 2011. If payday falls on a day that the yield is not

business day, the payment of the first following working day

without the right to return for this postponement of the payment.

7. transferability of the bonds in the securities Center, beginning on the day

credited to the accounts of the first owners of the bonds. The last day will be

experience to transfer securities on accounts in securities Centre

the paper is 1. August 2015.

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 American auction organized by the

The Czech National Bank for a group of actors on 24. February, 2010.

Other investors may participate in the auction via direct

participants. Notice of the auction and the list of direct participants in advance

disclosed to the public. The primary sale of other tranches will be carried out under the same

terms and conditions. The issue ends on January 1. August 2015.

10. Each order passed to auction direct participants are

met gradually from the highest price offered. When the progressive

meeting the orders with a specific price exceeds the offered "

the volume of orders, the volume of bonds, which are sold by the issuer

order with this push price met only in part. Bonds

are sold at the prices offered.

11. The total volume of bond issue is 50 000 000 000 CZK.

Bonds may be issued in a small or large volume in accordance with §

11 of the Act on the bonds in a range that will respond to the development and

the structure of the financing of the deficit of the State budget. The volume of emissions can be

increased to a maximum of 65 000 000 000 CZK.

12. The valid assessment of financial eligibility (rating) of long-term

on CZK-denominated liabilities on the date of release of these emission conditions made

by Standard Poor's & is level A +, Moody's on

level A1.

13. The Department of Justice on the yield of a bond pursuant to section 18 of the Act on bonds

is made possible.

14. The Ministry of finance declares that he owes to each owner

Bond nominal value of the bond. The bonds will be repaid in

nominal value at 1. September 2015. From this day ends with 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

August 1, 2015. If the day falls on the day of repayment of principal, which is not

business day, the payment of the first following working day

without the right to return for this postponement of the payment.

15. all the rights attaching to the bonds and coupons are issued to them in

pursuant to section 42 of the Act on bonds forfeited in the expiry of 10 years from the

the date on which it could be invoked for the first time.

16. 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

National Bank. Coupons and the principal of the bonds are paid by direct debit

transfer, if necessary. in cash, according to the instructions of the owner of the bond.

Payment instead shall publish the manner in which payment of the coupon and redemption

the nominal value is executed.

17. 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.

18. the notification to the public about these bonds will be

published in newspapers or other similarly focused

the journal, commonly available in the Czech Republic and in a manner allowing

remote access.

19. 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.


Ing. J v r.

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