Act No. 89 / 2014 Coll.
The Act on the State Debt Scheme to cover the nominal values of government bonds and certain other debts of the State due in 2014
Valid
Effective from 21.05.2014
89
THE LAW
of 23 April 2014
on a government bond programme to cover the nominal values of government bonds and certain other debts of the State due in 2014
Parliament has decided on this law of the Czech Republic:
Purpose of the law
(1) The purpose of the government bond programme under this Act is to raise funds for the remuneration of:
(a) the nominal value or principal amount of the sovereign debt due in 2014, including the nominal value or principal amount of derivatives related to the payment of the nominal value or principal of the sovereign debt due in 2014;
(b) the nominal value of government bonds with a maturity of more than 1 year purchased from the market in 2014;
(c) any early repayments of nominal value of sovereign debt,
(d) any prepayments of nominal values or of derivatives related to the payment of nominal values or of sovereign debt;
(e) any early repayment of the principal of loans received from the European Investment Bank.
(2) The maximum size of this sovereign bond programme is CZK 209 640 831 901.
Maturity of commitments
Debt arising from a sovereign bond programme under this Act shall be repaid no later than 105 years after the date of entry into force of this Act.
Efficacy
This Act shall take effect on the day of its publication.
z. Jerman v. r.
Zeman v. r.
Sobotka v. r.
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Regulation Information
| Citation | Act No. 89 / 2014 Coll., on a state bond programme to cover the nominal values of sovereign debt and certain other debts of the State due in 2014 |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 21.05.2014 |
|---|---|
| Effective from | 21.05.2014 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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