ÁKK Rt. gives mandate to lead manage a EUR 500 mn bond issue

The Government Debt Management Agency Ltd. (ÁKK Rt.) has mandated BNP Paribas and Dresdner Kleinwort Wasserstein to lead manage a EUR 500 million 7-year Floating Rate Note issue for the Republic of Hungary.

Press-release

The Government Debt Management Agency Ltd. (ÁKK Rt.) has mandated BNP Paribas and Dresdner Kleinwort Wasserstein to lead manage a EUR 500 million 7-year Floating Rate Note issue for the Republic of Hungary.

The launch and pricing of the bond is expected in October 2005.

The proceeds will be used for general financing purposes.

7 October 2005

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