EMTN Programme
Outstanding senior and hybrid bonds
| Issuer |
Currency |
Volume (m) |
Tenor |
Issue date |
Maturity date |
Coupon |
Listing |
ISIN number |
Base Prospectus |
| MOL Plc |
HUF |
28,400 |
10 |
24.09.2019 |
24.09.2029 |
2.00% |
BSE XBOND |
HU0000359120 |
Prospectus |
| MOL Plc |
HUF |
36,600 |
10 |
22.09.2020 |
22.09.2030 |
1.10% |
BSE XBOND |
HU0000359963 |
Prospectus |
| MOL Plc |
EUR |
650 |
7 |
08.10.2020 |
08.10.2027 |
1.5% |
Irish SE |
XS2232045463 |
Prospectus |
| MOL Plc |
HUF |
35,500 |
10 |
12.04.2021 |
12.04.2031 |
1.9% |
BSE XBOND |
HU0000360383 |
Prospectus |
Summary of bonds at MOL
In 2020 MOL has issued EUR 650 million fixed rate Eurobond notes. The notes are due on 8th October 2027, pay an annual coupon of 1.500%. The notes are listed on the Dublin Stock Exchange.
In 2019 MOL has issued HUF 28.4 billion fixed rate bond in line with the “Bond Funding for Growth Scheme” announced by the National Bank of Hungary. The notes have a 10-year maturity, when issued, pay an annual coupon of 2.00%.
In 2020 MOL has issued HUF 36.6 billion fixed rate bond in line with the “Bond Funding for Growth Scheme” announced by the National Bank of Hungary. The notes have a 10-year maturity, when issued, pay an annual coupon of 1.10%.
In 2021 MOL has issued HUF 35.5 billion fixed rate bond in line with the “Bond Funding for Growth Scheme” announced by the National Bank of Hungary. The notes have a 10-year maturity, when issued, pay an annual coupon of 1.9%.
MOL will comply with its obligation to provide information in Hungarian language while the securities are available for trade.
All programmes are senior, unsecured.
RATING SUMMARY
| Rating agency |
Foreign long term |
Local long term |
Outlook |
Latest rating action publishing date |
| Fitch |
BBB- |
BBB- |
Stable |
02 June, 2023 |
| Standard and Poor's |
BBB- |
BBB- |
Stable |
25 July, 2023 |
| Scope Ratings |
BBB- |
BBB- |
Positive |
14 March 2024 |
RATING HISTORY
BOND RATINGS
| Issuer |
Bond |
Maturity date |
Rating S&P |
Rating Fitch |
Type |
| MOL |
EUR 650 MN |
08.10.2027 |
BBB- |
BBB- |
Senior unsecured |
| MOL |
HUF 36,600 MN |
22.09.2030 |
BBB- |
N.A. |
Senior unsecured |
| MOL |
HUF 35,500 MN |
12.04.2031 |
BBB- |
N.A. |
Senior unsecured |
RATING REPORTS
Fitch
| File |
Title |
|
|
Fitch Affirms MOL at 'BBB-'; Outlook Stable (30 May, 2024) |
|
|
FITCH affirms MOL at 'BBB-'; Outlook revised to stable from negative (02 June, 2023) |
|
|
FITCH affirms MOL at 'BBB-'; Outlook revised to negative from stable (08 June, 2022) |
|
|
FITCH affirms MOL at 'BBB-'; Outlook stable (18 June, 2020) |
|
|
FITCH affirms MOL at 'BBB-'; Outlook stable (8 November, 2019) |
|
|
FITCH affirms MOL Hungarian oil and gas company at 'BBB-'; Outlook stable |
|
|
FITCH affirms MOL at 'BBB-'; Outlook stable |
|
|
FITCH revises MOL’s outlook to stable; Affirms at ’BBB-’ |
|
|
FITCH affirms MOL at 'BBB-'; Outlook negative |
|
|
Update: MOL Hungarian Oil and Gas Company Plc |
|
|
Rating action commentary: Fitch Affirms MOL at 'BBB-'; Outlook negative |
|
|
Non-rating action commentary: Fitch: North Sea Acquisition Neutral; INA More Important for MOL's Credit Profile |
|
|
Rating action commentary: Fitch Revises MOL's Outlook to Negative; Affirms at 'BBB-' |
|
|
Update: MOL Hungarian Oil and Gas Company Plc 2013 |
S&P
| File |
Title |
|
|
S&P affirms MOL at 'BBB-'; Outlook stable (14 June, 2022) |
|
|
S&P revises MOL outlook to stabile; affirms MOL at 'BBB-’ (25 March 2020) |
|
|
S&P revises MOL outlook to positive; affirms MOL at 'BBB-’ |
|
|
S&P affirms MOL at 'BBB-'; Outlook stable |
|
|
S&P upgrades MOL‘s long-term credit rating to BBB- investment grade with stable outlook |
|
|
MOL Hungarian Oil And Gas PLC Outlook Revised To Positive From Stable On Improved Credit Metrics; 'BB+' Ratings Affirmed |
|
|
Standard & Poor’s raised the long-term corporate credit rating of MOL to BB+ |
|
|
MOL Hungarian Oil and Gas Outlook Revised To Positive On Strong Operating Performance; 'BB' Rating Affirmed |
|
|
Summary: MOL Hungarian Oil and Gas Plc. |
|
|
Research Update: MOL Hungarian Oil and Gas Downgraded To 'BB' On Ongoing Uncertainty Over INA Stake; Off Watch; Outlook Stable |
|
|
Research Update: MOL Hungarian Oil and Gas PLC On Watch Negative Pending Negotiations On Cooperation With The Croatian State |
|
|
Research Update: MOL Hungarian Oil and Gas Outlook Revised To Negative After Similar Rating Action On The Sovereign |
|
|
Bulletin: MOL Hungarian Oil and Gas PLC 'BB+' Ratings Not Affected By Downgrade Of Hungary |
Scope Ratings
| File |
Title |
|
|
Scope publishes BBB-/Positive issuer rating on Hungarian Oil and Gas Company MOL (14 March, 2024) |
