Act No. 411 / 2010 Coll.
The Act on a sovereign bond programme to cover sovereign debt securities due in 2011 and 2012 and to cover sovereign debt securities purchased out of the market in 2011 and 2012
Valid
Law
Effective from 29.12.2010
Text versions:
29.12.2010
411
THE LAW
of 9 December 2010
on a state bond programme to cover the sovereign debt securities due in 2011 and 2012 and to cover the sovereign debt securities purchased out of the market in 2011 and 2012
Parliament has decided on this law of the Czech Republic:
(1) The purpose of the sovereign bond programme is to pay the principal
(a) State debt due in 2011 and 2012;
(b) government bonds with a maturity of more than 1 year purchased from the market in 2011 and 2012.
(2) The government bonds referred to in paragraph 1 (b) may be bought out of the market in each given year up to CZK 30 000 000 000.
(3) The maximum size of the state bond programme is CZK 274 611 760 464.
(4) Any liabilities arising from this sovereign bond programme shall be repaid no later than 55 years after the date of entry into force of this Act.
Efficacy
This Act shall take effect on the day of its publication.
Germany
Klaus v. r.
Nausea v. r.
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Regulation Information
| Citation | Act No 411 / 2010 Coll., on a sovereign bond programme to cover the sovereign debt securities due in 2011 and 2012 and to cover the sovereign debt securities purchased out of the market in 2011 and 2012 |
|---|---|
| Regulation Type | Law |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 29.12.2010 |
|---|---|
| Effective from | 29.12.2010 |
| Effective until | - |
| Status | Valid |
Legal Areas:
Securities
Finance
The regulation text is for informational purposes only.
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