Press release on the CHF 350 million Swiss Franc bond issue

On April 15, 2008 the Republic of Hungary launched a two-tranche Swiss Franc bond totalling CHF 350 million. The CHF 150 million 5-year paper pays a fixed coupon of 3.5% p.a., while the coupon on the CHF 200 million 8-year bond is fixed at 4% p.a. The bonds were priced at 50 and 75 basis points above CHF Libor respectively.

Tranche # 1
Amount: CHF 150 million
Tenor: 5 years
Maturity: May 21, 2013
Coupon: 3.5% p.a.
Issue price: 100.197 %
Spread: CHF Libor + 50 bps

Tranche # 2
Amount: CHF 200 million
Tenor: 8 years
Maturity: May 20, 2016
Coupon: 4% p.a.
Issue price: 100.461 %
Spread: CHF Libor + 75 bps

The deal was lead managed by ABN AMRO Bank N.V. and Credit Suisse. The proceeds will be used for general financing purposes.

April 15, 2008



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