Source: http://www.mfcr.cz/en/themes/state-debt/legislation-and-rules/issuance-terms-and-conditions/2003/issuance-conditions-of-40-issue-of-treas-11731
Timestamp: 2017-11-18 12:25:15
Document Index: 742995677

Matched Legal Cases: ['§ 19', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1', '§ 1']

Issuance Conditions of 40. Issue of Treasury Bonds - T-Bond 3.70 %, 13 - CZ0001000814 | 2003 | Ministry of Finance of the Czech Republic
Issuance Conditions of 40. Issue of Treasury Bonds - T-Bond 3.70 %, 13 - CZ0001000814
Published 16-6-2003
"Czech Republic Treasury Bond, 2003 - 2013, 3.70 %"
The Ministry of Finance, in accordance with § 19 of Act No. 530/1990 Coll., on Bonds as amended, and § 1 of Act No. 122/2003 Coll., on state bond programme of settlement of state debt principals mature in the years 2003 and 2004, § 1 of Act No. 9/2001 Coll. on State Bond Programme to obtain finances to provide returnable financial aid from state budget in order to cover paying off the compensation from the Security Fund of Cooperative Banks, and § 1 of Act No. 342/1999 on State Bond Programmes of settlement of state debt principals mature in 2000 and settlement of state budget deficit of the Czech Republic in 1999 exceeding the approved deficit, determines issuance conditions of Czech Republic Treasury Bond, 2003-2013, 3.70 %:
Name: Czech Republic Treasury Bond, 2003 - 2013, 3.70 %
Name in short: ČR, 3.70 %, 13
Serial number of issue: 40
Date of maturity: 16 June 2013
Interest yield: coupon with fixed interest rate of 3.70 % p.a.
Coupon No.1, separated ISIN: CZ0000700281
Coupon No.2, separated ISIN: CZ0000700299
Coupon No.3, separated ISIN: CZ0000700307
Coupon No.4, separated ISIN: CZ0000700315
Coupon No.5, separated ISIN: CZ0000700323
Coupon No.6, separated ISIN: CZ0000700331
Coupon No.7, separated ISIN: CZ0000700349
Coupon No.8, separated ISIN: CZ0000700356
Coupon No.9, separated ISIN: CZ0000700364
Coupon No.10, separated ISIN: CZ0000700372
Principle, separated ISIN: CZ0000700273
Bonds are issued under § 1 of Act No. 122/2003 Coll., on state bond programme of settlement of state debt principals mature in the years 2003 and 2004, § 1 of Act No. 9/2001 Coll. on state bond programme to obtain finances to provide returnable financial aid from state budget in order to cover paying off the compensation from the Security Fund of the Cooperative Banks, and § 1 of Act No. 342/1999 on state bond programmes of settlement of state debt principals mature in 2000 and settlement of state budget deficit of the Czech Republic in 1999 exceeding the approved deficit.
Issuer shall submit proposal for registration of bonds in the primary market of the Prague Stock Exchange, a.s. Transferability of bonds in the Prague Securities Centre shall commence as of the day of crediting the respective bonds in the accounts of first holders. The last day, when transfers of securities in holder accounts in the Prague Securities Centre shall be carried out, shall be 16 May 2013.
Bonds have fixed interest rate of 3.70 % p.a. Interest yields shall be paid once a year, each time by 16 June respective year. In case the day of the payment of yield falls on a non-working day, the payment shall be carried out on the first consecutive working day with no claim to yield for the payment deferred as above.
The decisive day for the payment of bond yield precedes by one month the day of maturity of bond yield. The ex-coupon date is the day following the decisive day, and it is fixed to be 17 May. The investor who is bond holder on 16 May shall receive the interest yield. The investor who is bond holder on 16 May 2004 shall receive the interest yield for the first year.
Bonds shall be issued per single tranches. Primary sale of 1. tranche shall be carried out in the form of auction organized by the Czech National Bank for a group of direct participants on 11 June 2003. Primary sale of subsequent tranches shall be carried out under the same conditions. The issuance period shall be terminated by the day of 16 May 2013. Other investors may participate in the auction through direct participants. The announcement on the auction and the list of direct participants shall be published in advance.
The total anticipated volume of the bond issue is CZK 80 000 000 000.
The Ministry of Finance declares that it owes to each bond holder the face value of the respective bond. The bonds shall be paid up in the face value by the day of 16 June 2013. Also, the reckoning of interest shall terminate on the same day. The face value of the bond along with the last interest yield shall be paid to the bond-holder investor on 16 May 2013. In case the day of the payment of principal falls on a non-working day, the payment shall be carried out on the first consecutive day with no claim to yield for the payment deferred as above.
The Ministry of Finance pledges to ensure the payment of bond interest yields and to pay up the face value of bonds to the holders thereof in accordance with the present issuance conditions. The place of payment is Československá obchodní banka, a.s. The place of payment shall publish the method by which the payment of the coupon and the settlement of the face value shall be carried out.