45/2017 Sb.
The COMMUNICATION FROM the
The Ministry of finance
from day 1. February 2017,
which determine the conditions for State bond of the Czech Republic,
2017-2022, 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, 2017-2022,
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, 2017-2022, 0.00%
Short name: the CZECH REPUBLIC, 0.00%, 22
Serial number of the emission: 102.
Nominal value: 10 000 € (in words: ten thousand Czech Crowns)
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: 22. 2.2017
The end date of the period for the subscription of emissions: 25. 1.2022
Date of issue: 24. 2.2017
Maturity date: 24. 2.2022
The yield of the bond: 0.00% p. a.
A fraction of the days: ACT/ACT (ICMA)
Isin: CZ0001005029
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. 1 of Act No. 256/2004 Coll., on business
the capital market, as amended by later regulations, according to Czech law
maintain a central securities depository, a.s., registered office: 14, 110
05 Prague 1, Czech Republic, registered the municipal court in Prague, section B,
Insert 4308, IČ: 25081489, (hereinafter referred to as "CSD"). The other person
than the central depository that is authorized to keep a record book entry
securities, keeps 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
the right is after the date of 25. 1.2022 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 may 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. In the case of bond issue by writing to
securities account of the issuer of the bond will be determined by the emission rate in the amount of 100% of the
the nominal value.
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 (hereinafter referred to as
"Auction rules"), which shall be published on the website of the United
National Bank and the Ministry. The primary sale of the bonds shall be carried out
in the form of auctions. The auction is the Czech National Bank. To participate in the auction
You may only a person designated by the issuer or the issuer. Other underwriters will
they can only take part in the auction of bonds indirectly through people
designated by the issuer or by the issuer. The issuer is entitled to
write the bonds when they are released first on the securities account of the issuer
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 issue date for any price and under other conditions specified
the Ministry. Own bonds acquired by the issuer before the date of their
maturity, including bonds purchased by the issuer, do not expire, and is on the
the discretion of the issuer, that is the property of the issuer and of the leaves or is
sold, or whether it decides otherwise.
11. The primary sale of bonds of the first tranche of the bond issue will be
carried out through auctions organized by 22 December 2004. 2.2017 Czech national
the Bank, according to the rules of the auction. On the issue and the primary sale of bonds
the other tranche bond issue following the first tranche of the issue
the bonds, the issuer decides and determines the date and manner of relevant auctions by
The rules of the auction. Notice of the auction and how the auction shall be published in the
sufficient time prior to the date of the auction on the Web
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 30 000 000 000 € (in words: thirty billion Czech Crowns).
13. The bonds will be paid off at their nominal value at the date of 24. 2.2022.
The bonds will be repaid to the person who is the owner of bonds as of the date
25.1. 2022. 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.