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



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