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Czech Republic launches second issuance of Republic Bonds
The Czech Ministry of Finance has launched the second issuance of Republic Bonds for retail investors. This round features a three-month Flexi Bond with an annual interest rate of 3.75%, which is variable and tied to the Czech National Bank's two-week repo rate.
Investors can place orders through electronic property accounts or at ČSOB branches until October 4th. The maximum investment per person is 3 million CZK, with a minimum of 1,000 CZK. Payments must be completed by October 13th, and the official issue date is October 15th. The Ministry expects the total volume of this issuance to reach 30 billion CZK.
A key advantage for investors is that the yields from these state bonds are exempt from the 15% income tax. The bonds are designed to automatically reinvest at the end of the three-month term unless the investor requests a payout at least four days in advance. This follows a highly successful first issuance earlier this year, where households invested a total of 74 billion CZK.
Entities
Alena Schillerová · Czech National Bank · Czech Republic · Ministry of Finance of the Czech Republic · ČSOB
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] The interest rate is variable and based on the Czech National Bank's 2-week repo rate. finex.cz
- [● 2 SOURCES] The first issue of the year saw total purchases of 74 billion CZK. byznys.hn.cz · tyden.cz
- [● 2 SOURCES] Orders for the bonds can be placed until October 4th. byznys.hn.cz · tyden.cz
- [● 3 SOURCES] The current annual interest rate for the three-month Flexi Bond is 3.75%. byznys.hn.cz · finex.cz · tyden.cz
- [● 2 SOURCES] The bond issue is scheduled for October 15th. byznys.hn.cz · tyden.cz
- [● 3 SOURCES] The maximum investment per person is 3 million CZK. byznys.hn.cz · finex.cz · tyden.cz
- [● 3 SOURCES] Yields from these state bonds are exempt from the 15% income tax. byznys.hn.cz · finex.cz · tyden.cz
- [○ 1 SOURCE] The Ministry of Finance expects the second issue of Republic Bonds to reach 30 billion CZK. byznys.hn.cz