Communication from the Ministry of Finance No 15 / 2013 Coll.
Communication from the Ministry of Finance determining the emission conditions for the Czech State Bond, 2013- 2016, 0.50%
Valid
15
COMMUNICATION
Ministry of Finance
of 4 January 2013
determining the emission conditions for the Czech Government bond, 2013- 2016, 0,50%
The Ministry of Finance issues government bonds to the extent provided for by the Special Act and determines their emission conditions in accordance with the provisions of Section 26 of Act No. 190 / 2004 Coll., on Bonds, as amended, hereinafter referred to as the "Bonds Act '. These emission conditions define the rights and obligations of the issuer and bondholders, as well as information on the issue of bonds and formalities of the State bond of the Czech Republic, 2013- 2016, 0,50%:
1. Basic description of bonds:
Issuing: Czech Republic - Ministry of Finance ("Ministry ')
Name: Government bond of the Czech Republic, 2013- 2016, 0.50%
Short name: Czech Republic, 0.50%, 16
Issuing serial number: 77.
Nominal value: 10,000 CZK (in words: 10,000 CZK)
Form of the bond: bearer security
Debt form: book-entry security
Type of bond: sovereign bond
Currency in which bonds are denominated: Czech crown (CZK)
Date of start of deadline for subscription: 23 January 2013
Date of expiry of the deadline for subscription: 28 June 2016
Issuing date: 28 January 2013
Due date: 28 July 2016
Debt yield: determined at a fixed interest rate of 0,50% p.a.
Taxation of proceeds: according to Czech legislation
ISIN: CZ0001003842
Separate principal - ISIN: CZ0000702741
Coupon No 1 - ISIN: CZ0000702758
Coupon No 2 - ISIN: CZ0000702766
Coupon No 3 - ISIN: CZ0000702774
Coupon No 4 - ISIN: CZ0000702782
2. The bonds are issued on the basis of special laws within the meaning of Section 25 (2) of the bond law.
3. The bonds take the form of a security on the bearer, are issued in a book-entry form and are registered in the central securities register, which, in accordance with Section 92 (2) of Act No. 256 / 2004 Coll., on the capital market business, as amended, is maintained by the CSDs, a.s., and persons authorised to keep a subsequent register.
4. Bonds may be acquired by legal and natural persons with their registered office or residence in the Czech Republic and abroad (hereinafter also as "investors'). Repatriation of income and paid-up nominal value abroad will be carried out according to Czech legislation.
5. The right to payment of the bond yield shall be exercised by the person entitled to exercise the rights attached to the bond on 28 June starting in 2013. The right to pay the bond yield for the period from the date of issue until 28 July 2013 shall be exercised by the person entitled to exercise the rights attaching to the bond on 28 June 2013. The transfer of the bond is excluded after 28 June 2016.
6. The bond yield is determined at a fixed interest rate of 0,50% p.a. The bond yield shall be paid once a year on 28 July starting in 2013. If the date of payment of the proceeds is not the working day, the payment of the proceeds shall be made on the first following working day without entitlement to the proceeds for such deferral.
7. The calculation of the proportional yield of the bond is based on one year of 360 days and 12 months after 30 days (BCK - 30E / 360). The proportional return on the bond is included in the price of the bond from the issue date.
8. Debt issues will be issued gradually (in tranches) within the subscription deadline.
9. The emission rate shall be determined by the auction rate.
10. Bonds will be offered for subscription in the Czech Republic. The bonds are sold via the Czech National Bank under Section 26 (4) of the bond law. The primary sale of bonds, the method and place of subscription of the bond, the method and deadline for the delivery of the bonds to individual subscribers and the way and place of payment of the issue rate of the subscription bond is governed by the applicable Rules for the primary sale of government bonds organised by the Czech National Bank. The primary sale of the first tranche will take the form of an American auction organised on 23 January 2013 by the Czech National Bank for a group of primary dealers. Other investors may participate in bond auctions through primary dealers. The auction notice shall be published in good time. The primary sale of further tranches will be carried out under the same conditions.
11. The expected total nominal value of the bond issue is CZK 40 000 000 000 (in words: CZK 40 billion). The bonds may be issued in less than or greater than the expected nominal value of the bond issue in accordance with the provisions of Section 7 of the bond law. The possible scope of the volume increase is CZK 40 000 000 000 (in words: CZK 40 billion).
12. The bonds will be repaid at nominal value on 28 July 2016. This date concludes the interest on bonds. The Ministry, within the meaning of Article 17 of the bond law, decided that the right to repayment of the bond was for the person entitled to exercise the rights attached to the bond on 28 June 2016. If the date of repayment of the nominal value of the bonds is not a working day, the payment shall be made on the first following working day without entitlement to payment of the proceeds for such deferral.
13. Any rights associated with bonds shall be limited to 10 years from the date on which they could be exercised for the first time, in accordance with Article 42 of the bond law.
14. The Ministry undertakes to ensure, under these emission conditions, the payment of the proceeds and repayment of the nominal value of the bonds to persons who are entitled to exercise the respective rights associated with the bond on the date set by those emission conditions. The paying place is the Czech National Bank. The nominal value of the bonds will be repaid and the bond yields will be paid by cash transfer or cash, as appropriate, according to the instructions of the persons authorised to exercise the respective rights associated with the bond on the date set by these emission conditions. The Czech National Bank will publish the way in which the nominal value of bonds will be repaid and the bond yields paid.
15. The valid assessment of the financial capacity (rating) of the long-term Crown liabilities at the date of the determination of these emission conditions by Standard & Poor's is at AA, Moody's at A1 and Fitch Ratings at AA-.
16. Bonds are direct, unconditional and unsubordinated liabilities of the Czech Republic which are at the same level as all other existing and future direct, unconditional and unsubordinated liabilities of the Czech Republic.
17. These emission conditions are announced by the Ministry in the Collection of Laws. The notice to the public concerning these bonds shall be published on the Ministry's website.
18. These emission conditions may be translated into foreign languages. If there is a conflict between different language versions of emission conditions, the Czech version will be decisive.
Minister:
Ing. Kalousek v. r.
Sign in for notes, favorites and notifications
Regulation Information
| Citation | Communication from the Ministry of Finance No. 15 / 2013 Coll., determining the emission conditions for the Czech State Bond, 2013- 2016, 0.50% |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 22.01.2013 |
|---|---|
| Effective from | - |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
Comments 0