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PM to bring road show to Frankfurt on May 6

The prime minister's press office confirmed the report that Orbán, National Economy Minister György Matolcsy, National Development Minister Tamás Fellegi and State Secretary Mihály Varga would visit Frankfurt.

The meeting with investors is being organized by Deutsche Bank, one of three banks mandated by Hungary's Government Debt Management Agency (AKK) to set up meetings with investors in preparation for a eurobond issue in the middle of April, mfor.hu reported.

Hungary issued a combined $4.25 billion of a ten- and 30-year dollar bonds in March and April. The $issues, worth about €3 billion left about €1 billion to meet the annual foreign bond issue plan.

AKK said earlier it planned to issue €4 billion of foreign currency bonds in 2011, enough to cover €2 billion of bonds maturing in June and October and a €2 billion repayment due the European Commission in November. The repayment is the first on principal of a IMF-led standby loan Hungary signed for in November 2008, at the height of the global financial crisis.