MOL signs EUR 110 mln Schuldscheindarlehen agreement

Deals

wikimedia commons

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.

ADVERTISEMENT

GKI raises 2022 GDP growth forecast  Analysis

GKI raises 2022 GDP growth forecast 

Lawmakers postpone expanded data provision for tourism secto... Parliament

Lawmakers postpone expanded data provision for tourism secto...

Dóra Petrányi to co-head CMS Tech, Media, and Comms Group Appointments

Dóra Petrányi to co-head CMS Tech, Media, and Comms Group

Budapest overhauls public parking system City

Budapest overhauls public parking system

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.