Mol pulls in mix of buyers for blowout return

Hungarian oil and gas group Mol drew on demand from a mix of investment grade, high yield and emerging market investors on Tuesday for a Eu750m seven year offering, its first international bond in five years. The deal attracted a book of over Eu4.7bn, and was priced at 315bp over mid-swaps, well inside the initial price whispers in the low to mid-300s. The issue showed how responsive have become to crossover credits — an excellent sign for the next batch of such deals from the likes of Thomas Cook and unrated Celesio. Find out more about these issue in EuroWeek on Friday.