20 Sep 2019

MOL completes HUF 28bn bond issuance

On 20 September 2019 MOL successfully completed a bond auction for institutional investors in line with the “Bond Funding for Growth Scheme” announced by the National Bank of Hungary.

MOL Plc. ("MOL") hereby notifies the market of the following:

 

On 20 September 2019 MOL successfully completed a bond auction for institutional investors in line with the “Bond Funding for Growth Scheme” announced by the National Bank of Hungary. The bonds are issued in a private placement with below terms:

 

  • amount: HUF 28.4bn
  • maturity: 10 years
  • coupon: 2%
  • yield: 1.9055%
  • spread over mid-swap: 73 bp
  • paying agent: UniCredit Bank Hungary Zrt.

 

MOL intends to have the bonds listed on XBond, a multilateral trading facility operated by Budapest Stock Exchange.

 

By completing the current transaction MOL has achieved highly competitive financing conditions.