Press release on the EUR 1 billion Eurobond issue of the Republic of Hungary

Today the Republic of Hungary launched and priced its next international bond in 2011. The €1 billion long 7-year bond, priced at mid-swap plus 270 basis points, pays a fix coupon of 6% p.a. The deal was lead managed by Deutsche Bank, ING and UniCredit.

Amount: EUR 1 Billion

Maturity: January 11, 2019
Coupon: 6% p.a.
Issue price: 99.356%
Spread: 270 bps over the reference euro mid-swap rate

The transaction attracted significant demand (with 250 investors in the orderbook). The close to five times oversubscription enabled the Issuer to price the bond through the original price guidance.

Having executed this transaction ÁKK has completed its international financing plan for 2011. The proceeds will be used for general financing purposes.

Budapest, May 04, 2011

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    HGB and T-bill calculator
    Date: settlement date; minimum value: 01-01-2003; the date on which securities must be delivered and paid for to complete a transaction
    Type: DKJ - discount treasury bills, KTV - treasury bonds
    Convention: calculation method: ISMA (Act/Act) or EHM (Act/365 No Leap)
    Security: T-Bond or T-Bill denominated in HUF
    Yield %: yield to maturity, the percentage rate of return paid if the security is held to its maturity date
    Clean Price %: net present value of selected security, if it is not the input field, then = gross price% - acc. interest%
    Acc. Interest %: the amount of interest accumulated but not paid between the issue date or most recent payment and the settlement date
    Gross Price %: present value of selected security, if it is not the input field, then = clean price% + acc. interest%
    Face Value: optional positive integer value, Net Price, Acc. Ineterst and Gross Price will be recalculated
    Net Price: Clean Price% * face value
    Acc. Interest: Acc. Interest% * face value
    Gross Price: Gross Price% * face value