EUR 500 million Floating Rate Note issue

On September 20, 2006 the Republic of Hungary launched and priced a €500 million increase of its Floating Rate Note due in 2012. The deal was lead managed by BNP Paribas and Dresdner Kleinwort.

The main characteristics of the transaction:

Amount: EUR 500 Million
Maturity: November 2, 2012
Coupon: 3 month Euribor + 0.05 % p.a.
Issue price: 98.89%
Reoffer yield: 3 month Euribor + 0.25 % p.a.


The bond was priced in line with the secondary market levels.

The proceeds will be used for general funding purposes.


September 20, 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