The first issue of flood bonds may be traded on the Prague Stock Exchange from 21 August 1997. However, no significant interest has arisen to date.
The Ministry of Finance issued the second block of flood bonds in the total amount of KS 1,2 billion on 29 August 1997. These bonds are in a materialised form in nominal values of Ke 1,000 and Ke 10,000. The second issue was also open for foreign investors.
The Ministry of Finance issued the third block of dematerialised bonds in the total amount of KS 2,8 billion. These dematerialised bonds have a nominal value of KS 1,000. The third issue was also open for foreign investors.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
You may also wish to read through related material on the Czech Republic provided by Arthur Andersen. You can view the entire archive via the Internet on Business Monitor Online (http://www.businessmonitor.co.uk), or via your online provider by entering "Arthur Andersen" and "Business Monitor" as a free text search.
