08 Apr 2021

MOL issues HUF bond in the amount of 35.5 bn

On 8 April 2021 MOL successfully completed a bond auction for qualified investors in line with the Bond Funding for Growth Scheme announced by the National Bank of Hungary. The bonds are issued with below terms

On 8 April 2021 MOL successfully completed a bond auction for qualified investors in line with the Bond Funding for Growth Scheme announced by the National Bank of Hungary. The bonds are issued with below terms:

  • amount: HUF 35.5 bn
  • maturity: 10 years
  • amortizing repayment schedule: 10 % in 2028, 10% in 2029, 10% in 2030, and the remaining 70% at maturity
  • Yield: 1.926 % (coupon: 1.9 %)
  • spread over mid-swap: - 67 bp
  • paying agent: ERSTE Bank Hungary Zrt.

 

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