MOL mandates for first dollar bond
Hungary’s MOL has mandated HSBC and Citi to arrange a roadshow for a dollar bond. The investor meetings start on Friday and visit Geneva, Zurich, London, Frankfurt and Munich and finish on Tuesday.
MOLs last international bond was placed in 2010 a 750m 5.875% 2017 note. That deal is trading at 97.5/98.8 to yield around 6.3%.
The company also has 750m 3.875% 2015s and HUF1.1bn 7% 2014s outstanding.
MOL is rated BB+ by Moodys and BBB- by Fitch.
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