{"id":19088,"date":"2026-03-09T16:14:10","date_gmt":"2026-03-09T16:14:10","guid":{"rendered":"https:\/\/www.europesays.com\/cz\/19088\/"},"modified":"2026-03-09T16:14:10","modified_gmt":"2026-03-09T16:14:10","slug":"schillerova-vyda-prvni-dluhopisy-pro-obcany-v-cervnu-dalsi-pred-vanocemi","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/cz\/19088\/","title":{"rendered":"Schillerov\u00e1 vyd\u00e1 prvn\u00ed dluhopisy pro ob\u010dany v \u010dervnu, dal\u0161\u00ed p\u0159ed V\u00e1nocemi"},"content":{"rendered":"

\u0160\u00e9fkou st\u00e1tn\u00ed kasy Alenou Schillerovou (ANO) u\u017e koncem roku avizovan\u00e1 nov\u00e1 emise takzvan\u00fdch Dluhopis\u016f republiky dost\u00e1v\u00e1 p\u0159esn\u011bj\u0161\u00ed obrysy. I\u00a0kdy\u017e ministerstvo financ\u00ed st\u00e1le nezn\u00e1 \u00farokov\u00e9 podm\u00ednky, za n\u011b\u017e lidem bondy nab\u00eddne, jasn\u011bji by mohlo b\u00fdt u\u017e tento m\u011bs\u00edc. Z\u00e1le\u017eet bude na aktu\u00e1ln\u00ed \u00farokov\u00e9 m\u00ed\u0159e \u010cNB.<\/p>\n

\u201ePrvn\u00ed tran\u0161e bude p\u0159ed pr\u00e1zdninami, to znamen\u00e1 n\u011bkdy v\u00a0\u010dervnu, druh\u00e1 p\u0159ed V\u00e1noci,\u201c \u0159ekla Schillerov\u00e1 v\u00a0rozhovoru pro Byznys Seznam Zpr\u00e1v. O\u00a0nastaven\u00ed m\u00edry m\u00e1 centr\u00e1ln\u00ed banka jednat 19. b\u0159ezna. \u201eTo by n\u00e1m mohlo tro\u0161ku zam\u00edchat pl\u00e1ny, ale mysl\u00edm si, \u017ee nijak z\u00e1sadn\u011b. J\u00e1 tu p\u0159edstavu m\u00e1m, mus\u00ed to b\u00fdt zaj\u00edmav\u00e9, ale i\u00a0n\u011bjak\u00fdm zp\u016fsobem obhajiteln\u00e9, hospod\u00e1rn\u00e9,\u201c \u0159ekla ministryn\u011b.<\/p>\n

Od tis\u00edcovky do t\u0159\u00ed milion\u016f<\/p>\n

Ve h\u0159e je vyd\u00e1n\u00ed reinvesti\u010dn\u00edch dluhopis\u016f s\u00a0bonusem po dobu dr\u017een\u00ed a\u017e \u0161esti let, p\u0159\u00edpadn\u011b protiinfla\u010dn\u00edch dluhopis\u016f. Podobn\u011b jako v\u00a0minulosti maj\u00ed b\u00fdt v\u00fdnosy osvobozeny od sr\u00e1\u017ekov\u00e9 dan\u011b, kter\u00e1 \u010din\u00ed 15\u00a0procent. Vl\u00e1da podle ministryn\u011b nechce, aby z\u00a0\u00farok\u016f za st\u00e1tn\u00ed dluh profitovaly jen banky a\u00a0institucion\u00e1ln\u00ed investo\u0159i, ale pr\u00e1v\u011b i\u00a0ob\u010dan\u00e9.<\/p>\n

\"Dluhopisy<\/a>Dluhopisy pro ob\u010dany jdou do fin\u00e1le. Schillerov\u00e1 chce spustit prodej co nejd\u0159\u00edve<\/a><\/p>\n

Kolik pen\u011bz celkem si st\u00e1t od dom\u00e1cnost\u00ed p\u016fj\u010d\u00ed, zat\u00edm nechce ministryn\u011b up\u0159esnit. U\u017e d\u0159\u00edve uvedla, \u017ee hodnota bond\u016f se bude pohybovat od jednoho tis\u00edce do t\u0159\u00ed milion\u016f korun. \u201eBudou t\u0159i druhy dluhopis\u016f. V\u0161echny budou velmi zaj\u00edmav\u00e9. Mysl\u00edm si, \u017ee ob\u010dany to velmi zaj\u00edm\u00e1, proto\u017ee nen\u00ed den, abych na n\u011b nedostala n\u011bjak\u00fd dotaz,\u201c dodala Schillerov\u00e1.<\/p>\n

Prodra\u017e\u00ed se emise?<\/p>\n

Kl\u00ed\u010dov\u00e9 je pr\u00e1v\u011b to, nakolik zaj\u00edmav\u00fd v\u00fdnos vl\u00e1da nab\u00eddne. \u201eV\u00fd\u0161e bude z\u00e1viset na d\u00e9lce splatnosti a aktu\u00e1ln\u00edch v\u00fdnosech \u010desk\u00fdch st\u00e1tn\u00edch dluhopis\u016f. Je mo\u017en\u00e9, \u017ee ministerstvo podobn\u011b jako v\u00a0minulosti op\u011bt nab\u00eddne vy\u0161\u0161\u00ed sazbu, ne\u017e je tr\u017en\u00ed, aby nal\u00e1kalo retailov\u00e9 klienty a zv\u00fd\u0161ilo konkurenceschopnost Dluhopis\u016f republiky,\u201c \u0159ekl webu FinTag investi\u010dn\u00ed strat\u00e9g skupiny Partners Martin Ma\u0161\u00e1t. \u201eBohu\u017eel tento netr\u017en\u00ed p\u0159\u00edstup emisi zdra\u017e\u00ed a zp\u016fsob\u00ed st\u00e1tu vy\u0161\u0161\u00ed n\u00e1klady,\u201c m\u00edn\u00ed.<\/p>\n

Odborn\u00edk nav\u00edc odhadl, \u017ee retailov\u00fdch klient\u016f bude v pom\u011bru k celkov\u00e9mu st\u00e1tn\u00edmu dluhu miziv\u00e9 mno\u017estv\u00ed. Ministerstvu to v\u0161ak p\u0159inese v\u011bt\u0161\u00ed administrativu. Ve srovn\u00e1n\u00ed s\u00a0b\u011b\u017en\u00fdmi emisemi obligac\u00ed pro banky a institucion\u00e1ln\u00ed investory se pak pl\u00e1n Schillerov\u00e9 m\u016f\u017ee uk\u00e1zat jako nev\u00fdhodn\u00fd.<\/p>\n

To byl tak\u00e9 jeden z d\u016fvod\u016f, pro\u010d p\u0159edchoz\u00ed ministr financ\u00ed Zbyn\u011bk Stanjura (ODS) p\u0159estal Dluhopisy republiky od ledna 2022 vyd\u00e1vat. Podstatn\u00fd byl v\u0161ak prudk\u00fd r\u016fst cen, kter\u00fd z\u00e1jem o tehdej\u0161\u00ed protiinfla\u010dn\u00ed bondy zn\u00e1sobil a ty pak za\u010daly t\u00ed\u017eit st\u00e1tn\u00ed rozpo\u010det. Do t\u00e9 doby, p\u0159esn\u011bji mezi lety 2018 a\u00a02022, si st\u00e1t od ob\u010dan\u016f p\u016fj\u010dil celkem 80\u00a0miliard korun.<\/p>\n

Podle hlavn\u00edho ekonoma Trinity Bank Luk\u00e1\u0161e Kovandy kop\u00edruje Schillerov\u00e1 vysp\u011bl\u00e9 ekonomiky, kde se st\u00e1tn\u00ed dluhopisy pro dom\u00e1cnosti t\u011b\u0161\u00ed rostouc\u00ed popularit\u011b. Jak plyne z\u00a0aktu\u00e1ln\u00edho \u0161et\u0159en\u00ed OECD, po\u010det takov\u00fdch zem\u00ed je nejvy\u0161\u0161\u00ed od p\u0159elomu stolet\u00ed.<\/p>\n

\"Nov\u00e9<\/a>Nov\u00e9 vlaky na dluh. \u010cesk\u00e9 dr\u00e1hy pl\u00e1nuj\u00ed ka\u017edoro\u010dn\u011b emitovat dluhopisy a omladit vozov\u00fd park<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"\u0160\u00e9fkou st\u00e1tn\u00ed kasy Alenou Schillerovou (ANO) u\u017e koncem roku avizovan\u00e1 nov\u00e1 emise takzvan\u00fdch Dluhopis\u016f republiky dost\u00e1v\u00e1 p\u0159esn\u011bj\u0161\u00ed obrysy.…\n","protected":false},"author":2,"featured_media":19089,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[297,955,3911,43,42,41,40,2138,9502,5504,173,9501,953,4807],"class_list":{"0":"post-19088","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cesko","8":"tag-alena-schillerova","9":"tag-ano-2011","10":"tag-ceska-narodni-banka","11":"tag-ceska-republika","12":"tag-cesko","13":"tag-czech-republic","14":"tag-czechia","15":"tag-dluhopis","16":"tag-lukas-kovanda","17":"tag-ministerstvo-financi-ceske-republiky","18":"tag-ods","19":"tag-oecd","20":"tag-vanoce","21":"tag-zbynek-stanjura"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@cz\/116200109752814889","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/19088","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/comments?post=19088"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/19088\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media\/19089"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media?parent=19088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/categories?post=19088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/tags?post=19088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}