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Conditions For State Bond Of The Czech Republic, 2017-2022, 0.00%

Original Language Title: emisní podmínky pro Státní dluhopis ČR, 2017-2022, 0,00 %

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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.