# Czech Republic Republic Bond issuances

> Live situation record from CLSTR: https://clstr.news/situations/czech-republic-republic-bond-issuances
> Updated: 2026-08-24T03:41:19.000Z. Sources: 5. Developments: 2.

The Czech Ministry of Finance is conducting a second issuance of Republic Bonds for retail investors, specifically featuring a three-month short-term ‘Flexi Bond’. The subscription period for this issuance runs from August 24 to October 4, with an expected total volume of 30 billion CZK.

The Flexi Bond offers an annual interest rate of 3.75 percent, which is tied to the Czech National Bank’s two-week repo rate. If the central bank raises the rate during the subscription period, the yield increases; if the rate is lowered, the yield remains at 3.75 percent. A significant feature of these bonds is that the yields are exempt from the 15 percent income tax.

Investors can place orders electronically or at ČSOB branches, with a minimum investment of 1,000 CZK and a maximum of 3 million CZK per person. The bonds are designed to automatically reinvest at the end of the three-month term unless a payout is requested. This follows a previous issuance earlier in the year that saw households invest 74 billion CZK.

## Claims

- The current annual interest rate for the three-month Flexi Bond is 3.75%. (corroborated by 3 sources)
- Yields from these state bonds are exempt from the 15% income tax. (corroborated by 3 sources)
- The maximum investment per person is 3 million CZK. (corroborated by 3 sources)
- Orders for the bonds can be placed until October 4th. (corroborated by 2 sources)
- The first issue of the year saw total purchases of 74 billion CZK. (corroborated by 2 sources)
- The bond issue is scheduled for October 15th. (corroborated by 2 sources)
- The Ministry of Finance expects the second issue of Republic Bonds to reach 30 billion CZK. (single source)
- The interest rate is variable and based on the Czech National Bank's 2-week repo rate. (single source)

## Timeline

### 2026-08-24: Czech Republic launches second issuance of Republic Bonds

The Czech Ministry of Finance has opened orders for its second issuance of Republic Bonds, offering a three-month Flexi Bond with a 3.75% variable interest rate and tax-exempt yields.

4 sources. https://clstr.news/cluster/czech-republic-launches-second-issuance-of-republic-bonds

### 2026-08-21: Czech Republic offers new short-term Flexi Bonds

The Czech Ministry of Finance is offering a new short-term Flexi Bond with a 3.75 percent annual yield, exempt from income tax, available for subscription until October 4.

3 sources. https://clstr.news/cluster/czech-republic-offers-new-short-term-flexi-bonds

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Cite as: Czech Republic Republic Bond issuances. CLSTR, https://clstr.news/situations/czech-republic-republic-bond-issuances