MOL signs EUR 110 mln Schuldscheindarlehen agreement

Deals

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Hungarian oil and gas company MOL announced yesterday that it had signed a EUR 110 million Schuldscheindarlehen (SSD) Agreement, becoming the first Hungarian company to avail itself of the German form of credit which is an alternative to syndicated loans and corporate bonds.

MOL concluded tranches between three and seven years with an average maturity of 5.2 years.

"Through this debut transaction MOL managed to attract a range of new investors and further diversified its funding sources," MOL said.

The SSD arrangers were Commerzbank Aktiengesellschaft, ING Bank, a branch of ING-DIBA AG and Raiffeisen Bank International AG, MOL added.

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