Our attorneys shepherded the Republic of Hungary through a blockbuster US$3 billion offering of its 6.375% Notes due 2021 and a US$750 million offering of its 7.625% Notes due 2041. The offering represented the largest Central and East European (CEE) sovereign issue at the time and the first 30-year benchmark US Dollar issue from the CEE region. Due to demand, the Republic of Hungary re-opened its 30-year issuance on April 11, 2011 for a US$500 million offering of its 7.625% Notes due 2041. All three offerings were issued under the country's US$5 billion shelf registration filed on behalf of the Republic of Hungary by Arnold & Porter. The total value of the combined transactions was US$4.25 billion.