ÁKK Rt. has given mandate to lead manage a GBP 500 million bond issue

The Government Debt Management Agency Ltd. (ÁKK Rt.) has mandated Citigroup and Royal Bank of Scotland to lead manage a GBP 500 million 12-year bond issue for the Republic of Hungary.

The launch and pricing of the bond is expected in late April 2005.


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

April 15, 2005

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