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Glossary

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  1. A bond
    is a fungible security (in hard copy or book-registered form) attached to which is the obligation of the issuer to pay a certain amount of debt equivalent to the nominal value and the obligation to satisfy this right. Any additional rights follow from Act No 190/2004 Coll., on bonds or the bond issue terms and conditions.
  2. Issue
    is a set of bonds issued by the same entity (issuer) under the same issue terms and conditions, with the same date of issue and the same maturity date.
  3. Issue premium
    is the monetary amount for which the issuer is issuing the bond. It is set as a percentage of the nominal value of the bond.
  4. Issue period
    is the period during which the issuer is entitled to issue bonds.
  5. Issue terms and conditions
    are the conditions under which the bonds are issued, which define the rights and obligations of the issuer and bond holder. They also contain further, more detailed information about the bonds.
    Our issue terms and conditions are available here BOND ISSUE TERMS AND CONDITIONS.
  6. Issuer
    is the subject that issues the bond. In the case of our issue, the issuer is the joint-stock company IFB, a.s.
  7. Nominal value of the bond
    is the debt amount that the issuer is obligated to pay to the bond holder by the date of maturity. It is the price of one bond, which in the case of our issue is CZK 20,000.
  8. Bond maturity
    is the period for which the issuer borrows the money.
  9. Bond holder
    is a natural person or legal entity who after successful subscription and payment of the bond price is registered in the register of bond holders maintained by the issuer.
  10. Subscriber
    is a natural person or legal entity who files an application or enters into a bond subscription contract in compliance with the applicable issue terms and conditions, pays the price and becomes a bond holder.
  11. Subscription
    is the process in which the issuer itself or through its distributors collects requests for the purchase of the bonds and accepts payment for the bonds.
  12. Bond yield
    is the amount which the issuer pays to the bond holder for the loaned money. It is calculated for a pre-agreed yield term and has a fixed interest rate (or as the difference between the nominal value and the lower issue premium).
If you have other questions, please feel free to contact us.
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