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ÁKK initiates €1 bln Eurobond issue

The Government Debt Management Agency (ÁKK) has mandated London-based HSBC Bank Plc and UBS Investment Bank and Paris-based Societe Generale to lead manage a €1 billion 10.5-year Eurobond issue, ÁKK announced on Wednesday. The launch and pricing of the bond is expected in the first half of January 2006. The proceeds will be used for general financing purposes.