ÁKK Rt. gives mandate to lead manage a EUR 1 bn bond issue

The Government Debt Management Agency Ltd. (ÁKK Rt.) has mandated HSBC Bank Plc, London, Société Générale, Paris and UBS Investment Bank, London to lead manage a EUR 1 billion 10.5 years Eurobond issue for the Republic of Hungary.

The launch and pricing of the bond is expected in the first half of January 2006.

The proceeds will be used for general financing purposes.

December 21, 2005