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MKB to issue new discount bonds

The Hungarian Foreign Trade Bank (MKB) Rt as issuer and trader announces a public offer based on its Ft 100 billion issue program. The bank will publicly issue and auction max. 200,000 registered discount bonds with a total face value of Ft 2 billion, each being worth Ft 10,000.
The auction will take place on June 1, 2005. The bank has not determined a limit price, but the auction bid must refer to bonds worth Ft 50 million at least.