Obligation CZE 0% ( XS1354388982 ) en EUR

CZE

100 % ⇌

Republique tcheque

XS1354388982 ( en EUR )

0%

05/02/2018 - Obligation échue

Prospectus brochure de l'obligation CEZ XS1354388982 en EUR 0%, échue

100 000 EUR

65 000 000 EUR

CEZ est une importante société énergétique tchèque, principalement active dans la production et la distribution d'électricité et de chaleur.

L'obligation de type zéro-coupon portant le code ISIN XS1354388982, émise par CEZ ? la principale entreprise énergétique tchèque, majoritairement détenue par l'État et acteur clé dans la production, distribution et fourniture d'électricité en République Tchèque et en Europe centrale ? avait structuré cette émission depuis la République Tchèque pour un montant total de 65 millions d'euros, libellée en EUR, avec un taux d'intérêt de 0% impliquant un unique paiement à maturité du principal, et une taille minimale à l'achat fixée à 100 000 euros, cette dette senior étant arrivée à maturité le 5 février 2018 et intégralement remboursée à 100% de sa valeur nominale.

FINAL TERMS
3 February, 2016
ý EZ, a. s.
Issue of EUR36,000,000 Floating Rate Notes due February 2018 (the "Notes")
to be consolidated and form a singles Series with the Issue of EUR50,000,000 Floating Rate Notes due
February 2018 issued on 5 February 2016 ( "Tranche 1")
under the 8,000,000,000
Euro Medium Term Note Programme
PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the
Base Prospectus dated 13 April, 2015 (the Base Prospectus) which constitute a base prospectus for the purposes of
Directive 2003/71/EC as amended (which includes the amendments made by Directive 2010/73/EU to the extent that
such amendments have been implemented in a relevant Member State of the European Economic Area) (the
Prospectus Directive). This document constitutes the Final Terms of the Notes described herein for the purposes of
Article 5.4 of the Prospectus Directive and must be read in conjunction with the Base Prospectus. Full information
on the Issuer and the offer of the Notes is only available on the basis of the combination of these Final Terms and the
Base Prospectus. The Base Prospectus has been published on the website of the Luxembourg Stock Exchange
(www.bourse.lu).

1.
(a)
Series Number:
28
(b)
Tranche Number:
2
(c)
Date on which the Notes will be
The Notes will be consolidated and form a single Series with
consolidated and form a single
Tranche 1 on the Issue Date
Series:
2.
Specified Currency or Currencies:
Euro ("EUR")
3.
Aggregate Nominal Amount:

(a)
Series:
EUR86,000,000
(b)
Tranche:
EUR36,000,000
4.
Issue Price:
100 per cent. of the Aggregate Nominal Amount
5.
Specified Denominations:
EUR100,000
(a)
Calculation Amount:
EUR100,000
6.
(a)
Issue Date:
5 February, 2016

(b)
Interest Commencement Date:
Issue Date
7.
Maturity Date:
Interest Payment Date falling in or nearest to February 2018
8.
Interest Basis:
3 month EURIBOR + 0.55 per cent. Floating Rate

(further particulars specified below)
9.
Redemption/Payment Basis:
Subject to any purchase and cancellation or early redemption,
the Notes will be redeemed on the Maturity Date at 100 per
cent. of their nominal amount.
10.
Change of Interest Basis:
Not Applicable
11.
Put/Call Options:
Not Applicable
12.
Date Board approval for issuance of Notes
Approved by the Board of Directors on 14 February 2011 and
obtained
10 April 2012 with consent granted by the Supervisory Board
on 24 February 2011

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
13.
Fixed Rate Note Provisions
Not Applicable
14.
Floating Rate Note Provisions
Applicable
(a)
Specified Period(s)/Specified
5 February, 5 May, 5 August and 5 November in each year,
Interest Payment Dates:
from and including 5 May, 2016 to and including the
Maturity Date, subject to adjustment in accordance with the
Business Day Convention set out in (b) pod
(b)
Business Day Convention:
Modified Following Business Day Convention
(c)
Additional Business Centre(s):
TARGET
(d)
Manner in which the Rate of
Screen Rate Determination
Interest and Interest Amount is to
be determined:
(e)
Party responsible for calculating
Not Applicable
the Rate of Interest and Interest
Amount (if not the Agent):
(f)
Screen Rate Determination:

x Reference Rate:
3 month EURIBOR
The second day on which the TARGET2 System is open prior
x Interest Determination
to the start of each Interest Period
Date(s):

Relevant Screen Page:
Reuters EURIBOR01
(g)
ISDA Determination:
Not Applicable
(h)
Linear Interpolation:
Not Applicable
(i)
Margin(s):
+ 0.55 per cent. per annum
(j)
Minimum Rate of Interest:
Not Applicable
(k)
Maximum Rate of Interest:
Not Applicable
(l)
Day Count Fraction:
Actual/360
15.
Zero Coupon Note Provisions
Not Applicable

PROVISIONS RELATING TO REDEMPTION
16.
Notice periods for Condition 6.2
Minimum Period:
30 days
Maximum Period:
60 days
17.
Issuer Call:
Not Applicable
18.
Investor Put:
Not Applicable
19.
Change of Control Put:
Not Applicable
20.
Final Redemption Amount:
EUR100,000 per Calculation Amount
21.
Early Redemption Amount payable
EUR100,000 per Calculation Amount
on redemption for taxation reasons
or on event of default:

GENERAL PROVISIONS APPLICABLE TO THE NOTES
22.
Form of Notes:

(a)
Form:
Temporary Global Note exchangeable for a Permanent Global
Note which is exchangeable for Definitive Notes only upon an
Exchange Event
(b)
New Global Note:
Yes
23.
Additional Financial Centre(s):
Not Applicable

24.
Talons for future Coupons to be attached to
No
Definitive Notes:
Signed on behalf of ý EZ, a. s.:

By:................................................... By:................................................
Name: Martin Novák Name: Tomás Pleska þ
Title: Vice-Chairman of the Board of Directors Title: Member of the Board of Directors
Duly authorized

Duly authorized

PART B OTHER INFORMATION

1.
LISTING AND ADMISSION TO TRADING
(i)
Listing and Admission to trading: Application has been made by the Issuer (or on its behalf) for
the Notes to be admitted to trading on the Regulated Market
of the Bourse de Luxembourg, and admission to the Official
List of the Luxembourg Stock Exchange with effect from the
Issue Date.
(ii)
Estimate of total expenses related EUR 600
to admission to trading:
2.
RATINGS
Ratings:
The Notes to be issued are expected to be rated:

Standard & Poor's Credit Market Services Europe Limited:
A-
Moody's Investors Service Ltd.: A3

Standard & Poor's Credit Market Services Europe Limited
and Moody's Investors Service Ltd. are established in the
European Union and have applied for registration under
Regulation (EC) No. 1060/2009, as amended.
3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save for any fees payable to the Dealer, so far as the Issuer is aware, no person involved in the issue of the
Notes has an interest material to the offer. The Dealer and its affiliates have engaged, and may in future
engage, in investment banking and/or commercial banking transactions with, and may perform other
services for, the Issuer and its affiliates in the ordinary course of business.
4.
OPERATIONAL INFORMATION
(i)
ISIN Code:
XS1354388982
(ii)
Common Code:
135438898
(iii)
Name and address of any clearing Not Applicable
system(s) other than Euroclear
Bank S.A./N.V. and Clearstream
Banking, société anonyme and the
relevant identification number(s):
(iv)
Delivery:
Delivery against payment
(v)
Names and addresses of Not Applicable
additional Paying Agent(s) (if

any):
(vi)
Deemed delivery of Clearing Any notice delivered to Noteholders through the clearing
System notices for the purpose of systems will be deemed to have been given on the second
Condition 13:
business day after the day on which it was given to Euroclear,
and Clearstream, Luxembourg.
(vii)
Intended to be held in a manner Yes. Note that the designation "yes" simply means that the
which would allow Eurosystem Notes are intended upon issue to be deposited with one of the
eligibility:
ICSDs as common safekeeper and does not necessarily mean
that the Notes will be recognized as eligible collateral for
Eurosystem monetary policy and intra-day credit operations
by the Eurosystem either upon issue or at any or all times
during their life. Such recognition will depend upon the ECB
being satisfied that Eurosystem eligibility criteria have been
met.
5.
DISTRIBUTION

(i)
Method of distribution:
Non-syndicated
(ii)
If syndicated, names of Managers: Not Applicable
(iii)
Date of Subscription Agreement:
Not Applicable
(iv)
Stabilization Manager(s) (if any):
Not Applicable
(v)
If non-syndicated, name of Citigroup Global Markets Limited
relevant Dealer:
(vi)
U.S. Selling Restrictions:
Reg. S Compliance Category 2; TEFRA D