Press release on the EUR 1 billion Eurobond issue of the Republic of Hungary

The Republic of Hungary launched and priced its first international bond in 2009 on July 17th. The €1 billion 5-year bond, priced at midswap plus 395 basis points, pays a fix coupon of 6.75% p.a. The deal was lead managed by Citigroup and ING.

Amount: EUR 1 Billion

Maturity: July 28, 2014
Coupon: 6.75% p.a.
Issue price: 99.835%
Spread: 5-year euro midswap + 395 bps

The transaction attracted significant demand (more than 190 investors). The huge oversubscription enabled the Issuer to price the bond through the original price guidance.

The proceeds will be used for general financing purposes.

Budapest, July 17, 2009



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