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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