By Christine Van Dusen
Atlanta, Sept. 19 - MOL Hungarian Oil and Gas plc printed a $500 million issue of 6¼% seven-year notes (/BB+/BBB-) at 98.954 to yield 6.438%, or mid-swaps plus 515 basis points, a market source said.
The notes were talked at a spread in the mid-swaps plus 525 bps area.
Citigroup and HSBC were the bookrunners for the Regulation S deal.
MOL is an oil and gas company based in Budapest.
| Issuer: | MOL Hungarian Oil and Gas plc
|
| Amount: | $500 million
|
| Maturity: | Sept. 26, 2019
|
| Description: | Senior notes
|
| Bookrunners: | Citigroup, HSBC
|
| Coupon: | 6¼%
|
| Price: | 98.954
|
| Yield: | 6.438%
|
| Spread: | Mid-swaps plus 515 bps
|
| Trade date: | Sept. 19
|
| Settlement date: | Sept. 26
|
| Ratings: | Standard & Poor's: BB+
|
| Fitch: BBB-
|
| Distribution: | Regulation S
|
| Price talk: | Mid-swaps plus 525 bps area
|
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