By Christine Van Dusen
Atlanta, April 13 - MOL Hungarian Oil and Gas priced €750 million seven-year bonds (BB+/BBB-) to yield mid-swaps plus 315 basis points, according to a market source.
BNP Paribas, Deutsche Bank, RBS and Unicredit were the bookrunners for the deal, which came in below talk of mid-swaps plus 320 bps.
Other details of the issuance were not immediately available.
Proceeds will be used for general corporate purposes.
MOL Hungarian is a Budapest-based fuel distributor.
| Issuer: | MOL Hungarian Oil and Gas
|
| Amount: | €750 million
|
| Maturity: | 2017
|
| Bookrunners: | BNP Paribas, Deutsche Bank, RBS, Unicredit
|
| Spread: | Mid-swaps plus 315 bps
|
| Trade date: | April 13
|
| Ratings: | Standard & Poor's: BB+
|
| Fitch: BBB-
|
| Price talk: | Mid-swaps plus 320 bps
|
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