AKK Rt. gives mandate to lead manage a JPY 25 bn bond issue

The Government Debt Management Agency Ltd. (ÁKK Rt.) has mandated Daiwa Securities SMBC Co. Ltd. and Nikko Citigroup Limited to lead manage a 7 year Samurai bond issue for the Republic of Hungary. The size of the transaction will be JPY 25 billion.

The launch and pricing of the bond is expected in the first half of March.


The proceeds - in line with the financing plan - will be used to re-finance public debt maturing in 2006.

Budapest, 10 February 2006

Contents

Favorites

    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