Verified bond issue
Do you hold ČSNF ZERO/2028? Review your options with CIV.
ISIN CZ0003564205 · CZK · contractual maturity 07.08.2028
ISIN CZ0003564205
The issue was delisted from the regulated market in September 2025 and some holders are dealing with the liquidity of their position. Find out, without obligation, what options your specific position in ČSNF ZERO/2028 has and whether CIV may have its own investment interest in the asset. This is not brokerage and not a guaranteed purchase.
- ISIN
- CZ0003564205
- Issuer
- ČSNF, osoba rizikového kapitálu, a.s.
- ID No.
- 06561705
- Status
- Case intake open
Updated: 11 August 2026
First step CZK 0. The professional assessment of CZK 12,900 only follows once the case is accepted. 5% only upon execution of an approved transaction.
Do you hold this issue?
Find out whether your position in ČSNF ZERO_2028 can be converted into money.
First step CZK 0. The professional assessment of CZK 12,900 only follows once the case is accepted. 5% only upon execution of an approved transaction. The first submission is non-binding and free of charge. Neither a purchase nor the settlement amount is automatic or guaranteed.
Do you hold ČSNF ZERO_2028? Do not wait passively.
Waiting is not a strategy, and enforcement alone does not create immediate liquidity. Enforcement may be necessary. But it is not the only route. CIV does not buy time — it reviews whether your position can be converted into money.
- Precise identification of your issue and issuer from the documents you submit.
- A completeness check of the documentation and a clear list of what is missing.
- Assessment of your legal position and of the transferability of your claim.
- An individual review of a purchase, assumption of the receivable or settlement.
- A faster route to a decision instead of further months without information.
Legal enforcement vs. the CIV route
A judgment is not cash.
The legal route
- It can be right and in many cases necessary — we never question taking legal advice.
- It can take years and pass through several instances.
- It can mean further costs on the holder's side.
- The outcome is uncertain and it does not by itself create immediate liquidity.
The CIV route
- Identification of the specific issue and issuer from your documentation.
- A documentation check and an assessment of transferability.
- Individual valuation of the position, not a blanket table.
- A review of a purchase, assumption of the receivable or financial settlement.
- We do not sell a legal process. We look for a capital solution.
CIV does not provide legal services and does not replace a lawyer. The comparison describes the nature of both routes, not the outcome of any particular dispute.
What CIV verified about this issue
- Issue name verified by CIV: ČSNF ZERO_2028.
- Issue ISIN: CZ0003564205.
- Issuer: ČSNF, osoba rizikového kapitálu, a.s., ID No. 06561705.
- CIV records 8 verified issues of this issuer.
We do not state coupon, nominal value, maturity or security unless CIV verified them from primary documentation. The parameters of your specific issue are determined from the issue terms, bond or contract you submit.
ČSNF ZERO_2028 — parameters from primary documentation
The values below were transcribed by CIV from the primary documents of ČSNF, osoba rizikového kapitálu, a.s. listed in the sources section. They are contractual parameters of the issue, not confirmation that any particular payment was made, nor a promise of any performance.
- ISIN
- CZ0003564205
- Coupon
- Zero-coupon bond — the yield is the difference between the discounted purchase price and the nominal value; the final terms state a discount rate of 8.2% p.a. and the 30/360E day-count convention
- Currency
- CZK
- Issue date
- 07.08.2024
- Final maturity
- 07.08.2028
- Nominal value
- CZK 10,000 per bond
- Expected issue volume
- CZK 68,500,000 total expected nominal value of the issue
- Payment frequency
- No running coupon is paid on this issue; the nominal value is payable on the final maturity date
- Form and registry
- Book-entry securities; the central register is kept by Centrální depozitář cenných papírů, a.s.
- Transferability
- “Transferability of the bonds: transferability is not restricted.”
- Admission to trading
- The bonds were originally admitted to trading on the European regulated market operated by the Prague Stock Exchange. On 22 September 2025 the issuer's statutory body decided to delist them from that market (issuer notice of 23 September 2025).
- Administrator
- Administrator of the issue: CYRRUS, a.s., ID No. 63907020
- Rating
- No rating has been assigned to the issue
Security under the issuance documentation
The final terms record no guarantor and no collateral for this issue. Claims from the bonds are unsecured and rank behind the claims of secured creditors.
Verified by CIV: 2026-08-17
What holding ČSNF ZERO_2028 can mean today
- 07.08.2024IssueIssue date under the final terms
- 23.09.2025IssuerThe issuer announced the delisting of its bond issues from the Prague Stock Exchange regulated market (decision of 22 September 2025)
- 03.11.2025IssuerThe manager suspended the issuance and redemption of the fund's investment shares after the depositary agreement ended on 31 October 2025
- 07.08.2028IssueContractual final maturity date of the issue
What it can mean for a holder
- The issue is book-entry and registered with the CDCP, so a holding of ČSNF ZERO/2028 can be evidenced by a securities-account statement.
- Transferability is not restricted under the final terms, which matters for any transactional solution.
- After the delisting from the regulated market (decision of 22 September 2025) there is no exchange quotation, which typically complicates both valuation and any sale of the position.
- Under the final terms, claims from this issue are unsecured and rank behind the claims of secured creditors.
- The issuer states that the conditions for early maturity have not been met. CIV cites that position, neither confirming nor denying it, and gives no legal opinion.
- CIV can individually review the economic and transactional feasibility of a solution. Neither a purchase nor its amount is guaranteed.
Issuer status in the context of the issue
- The issuer is the entity with ID No. 06561705, registered office Hvězdova 1716/2b, Nusle, 140 00 Prague 4; the public register now lists it as “ČSNF, osoba rizikového kapitálu, a.s.”, while the issuance documentation uses the former name “ČSNF SICAV, a.s.”.
- By a notice of 23 September 2025 the issuer published the decision to delist its bond issues from trading on the Prague Stock Exchange regulated market.
- By a decision of the manager AVANT investiční společnost, a.s., the issuance and redemption of the fund's investment shares was suspended with effect from 3 November 2025 following the termination of the depositary agreement as of 31 October 2025. That decision concerns investment shares, not the bonds directly.
- In its notice to bondholders the issuer states that, in its view, no conditions for early maturity have been met and that interest payments are being made as usual. CIV only cites that statement and makes no claim of its own about any individual position.
What to send us for the free review
- Confirmation or statement of holdings from the CDCP or your securities account, if you have one
- The subscription or purchase contract for the bond
- The issue terms or the final terms of the issue, if you have them
- Proof of payments and of yield received so far, if that is what you are dealing with
- Communication from the issuer or the administrator of the issue
- Insolvency documents or the filed claim, if any exist
If you are missing a document, it is not an obstacle to the first step. The preliminary review is free of charge and non-binding.
How CIV proceeds specifically with ČSNF ZERO/2028
The same approved process as in other cases, described specifically for this issue. No hidden fees and no payment at the start.
CZK 0
Preliminary review
We review your specific position in ČSNF ZERO/2028 (ISIN CZ0003564205) — proof of holding, documentation and issuer status — free of charge and without obligation.
CZK 12,900
Professional case assessment
Charged only after the case is accepted. It covers verification of the documentation, an analysis of the options and a recommendation for your specific position.
5%
Of the accepted original principal and accepted yield
Charged only when you accept a specific CIV offer and the transaction is actually executed. If no execution occurs, this part is not payable.
The professional assessment itself does not guarantee a purchase. Only after the assessment does CIV make its own internal investment decision on whether it is interested in a position in ČSNF ZERO/2028, on what terms and to what extent. CIV is not a broker and does not offer a guaranteed buy-out.
Where CIV takes the issue parameters from
Issue parameters
Issuer — final terms of the issue
Final terms of the 5th bond issue (zero bonds, corrected version), ISIN CZ0003564205
Document published by the issuer in its investor section (https://csnf.cz/pro-investory/). It confirms the ISIN, form, currency, nominal value, expected volume, issue date, yield, payment dates, final maturity, transferability and administrator.
Open the primary documentVerified 2026-08-17
Issuer status
Issuer — notice to bondholders
Information for holders of bonds of the issuer ČSNF SICAV, a.s.
The issuer's position on possible early maturity of eight issues, including their ISINs and names. A source of the issuer's statement, not a confirmation of any individual holder's position.
Open the primary documentVerified 2026-08-17Issuer — delisting notice
Notice on the delisting of bonds from the European regulated market (23 September 2025)
Confirms the decision of 22 September 2025 and lists the affected issues with their ISINs.
Open the primary documentVerified 2026-08-17Manager — AVANT decision
Decision to suspend the issuance and redemption of investment shares (3 November 2025)
Concerns the fund's investment shares and the termination of the depositary agreement as of 31 October 2025; it is not a decision about the bonds.
Open the primary documentVerified 2026-08-17Public register (Ministry of Justice)
ČSNF, osoba rizikového kapitálu, a.s. — current extract
ID No. 06561705. Source of the issuer's identity and name, not of the issue parameters.
Open the primary documentVerified 2026-08-11
ČSNF, osoba rizikového kapitálu, a.s. — recorded case status
- The current name in the public register is „ČSNF, osoba rizikového kapitálu, a.s.“, ID No. 06561705.
- As of 11 August 2026 the public register shows no insolvency flag.
- We handle this as a holder case — issue identification, assessment of position, settlement options.
How the solution works
Instead of more waiting: documentation → assessment → proposed solution → a possible purchase or settlement.
- 1.
Submit the documentation
The bond, contract or issue terms — everything you hold on the issue.
- 2.
Verify the issue and your position
We determine the exact issue, the issuer and your legal position.
- 3.
Assess transferability and price
An individual assessment of whether and on what terms the position can be transferred.
- 4.
Proposal of a purchase / settlement
Only where it is economically and legally feasible. Never automatic.
- 5.
Execution
Contractual documentation, transfer and settlement on the agreed terms.
The first submission is non-binding and free of charge. Neither a purchase nor the settlement amount is automatic or guaranteed. Any paid step arises only after the documents are verified and you approve the scope.
Every further month of waiting is another month without liquidity. Check whether your issue has another route.
Do not wait years if a settlement can be reviewed today. Registering the case in the CIV records is free of charge.
First step CZK 0. The professional assessment of CZK 12,900 only follows once the case is accepted. 5% only upon execution of an approved transaction.
Do you hold ČSNF ZERO_2028? Leave a contact.
The issuer ČSNF, osoba rizikového kapitálu, a.s. (ID No. 06561705) and the issue ČSNF ZERO_2028 (ISIN CZ0003564205) are already prefilled. A name and one contact is enough; details and documents can be added in an optional second step.
- No payment and no obligation — no order is created.
- We verify the issue and documents, then explain the realistic options.
- Neither a purchase nor its amount is automatic or guaranteed.
- Company
- Capital Investing Ventures a.s.
- Company ID
- 09985824
- Register
- Municipal Court in Prague, Section B, Insert 26143
- Established
- 5 March 2021
- Registered office
- Aviatická 1092/8, 16100 Prague 6
Details match the Commercial Register extract. CIV does not provide legal services or investment advice; it assesses whether a bond receivable can be bought out or financially settled.
- Verified issues on record
- 8
- Of which with a verified ISIN
- 8
- With a full fact sheet
- 8
- Verified as of
- 17 Aug 2026
- 03.11.2025The manager suspended the issuance and redemption of the fund's investment shares after the depositary agreement ended on 31 October 2025
- 23.09.2025The issuer announced the delisting of its bond issues from the Prague Stock Exchange regulated market (decision of 22 September 2025)
Updated: 11 August 2026 Source overview: sources on this page. Without verifying the specific issue and documentation we make no public claim that the bond is in default.
1 — Contact and intake
You leave one contact. We record the case and attach the issuer and issue you arrived from. Nothing is created and you commit to nothing.
Model example: a holder leaves an e-mail and the issue; the case is recorded the same day.
2 — Evidencing the bond
You optionally add documents — issue terms, a register statement, correspondence with the issuer. Without documentation we can only answer in general terms.
Model example: two documents (issue terms + statement) are enough for a first review.
3 — Reviewing the receivable
We verify who the legal debtor is, the form and registration of the bond, whether and how the receivable can be transferred, and what has already happened in the matter.
Model example: for a certificated bond to order, endorsement and proof of ownership are checked.
4 — Proposed route
You receive a written conclusion: whether and on what terms a buyout or financial settlement of the receivable is possible — or why it is not.
Model example: the conclusion sets out a buyout option and a further-enforcement option with the risks of each.
The examples above are illustrative models used to explain the process. They are not real cases, references or a promise of any outcome; every case is assessed individually on the documentation provided.
Frequently asked questions about ČSNF ZERO_2028
- How do I know I hold ČSNF ZERO/2028 specifically?
- The decisive identifier is ISIN CZ0003564205 on your securities-account statement or in the CDCP register. The issuer has several similarly labelled issues and uses slightly different names across documents, so we always compare the ISIN.
- Does the delisting mean the issue is not being paid?
- No. The delisting is the issuer's decision about trading on the regulated market. In its notice to holders the issuer also states that it performs its obligations and that interest payments are being made as usual. The status of your specific position is verified individually from documentation.
- What does the first step with CIV cost?
- The preliminary review is free of charge (CZK 0). The professional case assessment of CZK 12,900 is charged only after the case is accepted, and 5% only upon execution of an approved transaction.
Other recorded issues of ČSNF, osoba rizikového kapitálu, a.s.
What a holder can do now
The information on this page is general and informational only. It does not constitute investment advice, legal advice, an investment recommendation or a public offer to purchase securities. Any review of bonds or proposed next step is individual, non-binding and subject to document verification, legal and economic review and internal approval by Capital Investing Ventures a.s.