Hungary plans sale of 7 5/8% notes due 2041 as add-on to 2011 issues

Chicago, Nov. 28 – Hungary is planning to sell dollar-denominated notes with a 7 5/8% coupon due March 29, 2041, according to a 424B5 filing with the Securities and Exchange Commission.

The notes will be sold as an add-on to the $750 million of notes issued on March 29, 2011 and the $500 million of notes issued on April 11, 2011.

The notes are non-callable.

The sole bookrunner is J.P. Morgan SE.

Citibank, NA is the fiscal agent.

Hungary is using the government’s counsel and Arnold & Porter Kaye Scholer LLP. JPMorgan will use Clifford Chance US LLP as a legal adviser.

The notes will be listed on the London Stock Exchange.

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