ÁKK Rt. has given mandate to lead manage a EUR 1Bn bond issue

The Government Debt Management Agency Ltd. (ÁKK Rt.) has mandated ABN AMRO and UBS Investment Bank to lead manage a EUR 1 billion 15-year Eurobond issue for the Republic of Hungary.

The launch and pricing of the bond is expected in the second half of February 2005.

The proceeds - in line with the financing plan - will be used to re-finance public debt maturing in 2005.

February 8, 2005