By Paul A. Harris
St. Louis, Sept. 28 - Hungary's MOL RT priced a €750 million issue of 3 7/8% 10-year senior unsecured fixed-rate notes (BBB-) at mid-swaps plus 70 basis points, according to an informed source.
The deal priced at the tight end of the mid-swaps plus 70 to 72 bps talk, which had been revised from the 75 bps area.
BNP Paribas and Dresdner Kleinwort Wasserstein ran the books for the Regulation S issue.
The Budapest-based issuer is an oil and gas company.
| Issuer: | MOL RT
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| Amount: | €750 million
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| Security description: | Senior unsecured fixed-rate notes
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| Maturity: | Oct. 5, 2015
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| Bookrunners: | BNP Paribas, Dresdner Kleinwort Wasserstein
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| Coupon: | 3 7/8%
|
| Dollar price: | 99.561
|
| Swap-spread price: | Mid-swaps plus 70 basis points
|
| Rating: | Standard & Poor's: BBB-
|
| Settlement date: | Oct. 5
|
| Price talk: | Mid-swaps plus 70-72 bps, revised from 75 bps area
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