Hungary’s MVM selects bookrunners for green dollar-denominated notes

By Wendy Van Sickle

Columbus, Ohio, May 30 – Hungary’s MVM Energy Ltd. selected bookrunners to organize a series of fixed-income investor calls for a proposed dollar-denominated offering of green senior notes, according to a notice.

The investor meetings were set to begin Tuesday.

The company’s benchmark-sized inaugural offering of green notes (expected: BBB-/BBB) is expected to have a tenor of five years.

BNP Paribas and J.P. Morgan are joint global coordinators and bookrunners, and Bank of China, Goldman Sachs Bank Europe SE, IMI-Intesa Sanpaolo, ING Bank and Raiffeisen Bank International are joint bookrunners of the Regulation S offering, which is subject to market conditions. BNP was the environmental and social governance structuring agent on the establishment of the group’s green financing framework.

The vertically integrated energy group in 100% state-owned by Hungary.

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