The COMMUNICATION FROM the
The Ministry of finance
of 16 December 2002. March 2005,
which specify the conditions of the bond of the Czech Republic, 2005-2015,
The Ministry of finance in accordance with section 25 of Act No. 190/2004 Coll., on
bonds, § 1 of the law No. 122/2003 Coll., on the State bond
Programme on payment of sovereign debt due in principal between 2003 and
2004, § 1 of the law No. 5/2005 Coll., on the State bond program on
cover part of the losses of the Czech consolidation agency, the resulting from the reception of the
non-performing assets from 1991 to 2003, section 1 of Act No. 313/2004 Coll., on
Government bond programme to cover part of the budgeted deficit
the State budget of the Czech Republic for the year 2004 and amending Law No.
353/2003 SB., on the Excise Tax Act, as amended by Act No. 483/2003 Coll.
Specifies the terms and conditions of the bond of the Czech Republic, 2005-2015, 3.80%:
1. basic characteristics of the bonds:
Issuer: Czech Republic represented by the Ministry of finance
Name: Bond of the Czech Republic, 2005-2015, 3.80%
Short name: the CZECH REPUBLIC, 3.80%, 15
Serial number: 44 emissions.
Nominal value: £ 10,000
Form of a bond: bearer securities
Form of a bond: book-entry securities
Issuing date: 11. April 2005
Maturity date: 11. April 2015
Interest income: fixed rate coupon 3.80% p. a.
The taxation of interest income: according to the legislation of the Czech Republic
ISIN: CZ 0001001143
Coupon no. 1!, ISIN: CZ0000700562
Coupon no. 2, distracted, ISIN: CZ0000700570
Coupon no. 3, distracted, ISIN: CZ0000700588
Coupon no. 4, distracted, ISIN: CZ0000700596
# 5, coupon, ISIN: CZ0000700604
Coupon no 6, distracted, ISIN: CZ0000700612
Coupon No 7, distracted, ISIN: CZ0000700620
Coupon no 8, distracted, ISIN: CZ0000700638
Coupon No 9, distracted, ISIN: CZ0000700646
Coupon no. 10, distracted, ISIN: CZ0000700653
Principal, detached, ISIN: CZ0000700554.
2. Bonds are issued pursuant to section 1 of Act No. 122/2003 Coll., on the State
the bond program to cover debt securities due in
between 2003 and 2004, § 1 of the law No. 5/2005 Coll., on the State bond
program to cover part of the losses of the Czech consolidation agency, arising from the
picking out the non-performing assets from 1991 to 2003, § 1 of the law No.
313/2004 Coll., on the State bond program to pay part
the budgeted deficit of the State budget of the Czech Republic for the year 2004 and
on the amendment of Act No. 356/2003 SB., on the Excise Tax Act, as amended by law
No 479/2003 Coll.
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 Bonds yield fixed interest rate of EUR 3.80% p. a.
Interest income is paid once a year, and always to 11. April
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.
6. 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 12. March. Interest income always receives
investor, which is the owner of the bond 11. March of each year.
Interest income for the first year will receive the investor that owns
Bond 11. March 2006.
7. 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 of the bonds on the accounts first
owners. On the last day there will be transfers of securities
on accounts of owners of securities Centre is 11. March 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).
Primary sale will be made in the form of American auction organized by the Czech
National Bank for a group of actors. Other investors may
participate in auctions through direct participants. Auction 1. tranche is
place 6 November. April 2005. Notice of the auction and the list of direct
the participants will be published in advance. The primary sale of other tranches will
carried out under the same conditions. The emission limit shall expire on 11. March 2014.
10. The total volume of bond issue is 54 000 000 000 CZK.
Bonds may be issued in a small or large volume in accordance with §
11 (1) 1 of law No 197/2004 Coll. on bonds, to the extent that the
conform to the trend and structure of financing the deficit of the State budget.
Issuing volume can be increased to a maximum of 65 000 000 000 CZK.
11. The valid assessment of financial eligibility (rating) of long-term
on CZK-denominated liabilities was carried out and published by Standard &
Poor's and A-level.
12. The Department of Justice on the yield of a bond, according to section 18 of Act No 190/2004
Coll. on bonds, is made possible.
13. 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 on the day 11. April 2015. That date also ends the remuneration
bonds. The nominal value of the bond and the last interest income will be
paid to the investor, which is the owner of the bond on 11 July. March
2015. If the day falls in the repayment of principal on a non-working day, it will be
the payment of the first following working day without the right to return for
This postponement of the payment.
14. all the rights attaching to the bonds and coupons are issued to them
barred the expiry of 10 years from the date on which it could be invoked for the first time
(section 42 of Act No. 190/2004 Coll. on bonds).
15. 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. Payment instead shall publish the manner in which payment of the
the coupon and the repayment of the nominal value of the executed.
16. 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.
17. 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 on the website
The Ministry of finance.
18. these terms and conditions may be translated into foreign languages. If there is a
a conflict between the various language versions, the issue conditions
Mgr. Sobotka in r.