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MOL plans eurobond issue

Hungarian oil and gas company MOL on Tuesday announced plans to issue a eurobond, according to a report by state news wire MTI.

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MOL said it mandated BNP Paribas, Erste Group, SMBC Nikko and UniCredit as global coordinators and joint bookrunners, and OTP Bank and Raiffeisen Bank International as joint bookrunners to organize a series of fixed income investor calls in advance of a proposed Reg S only senior unsecured euro-denominated benchmark offering in registered form with a seven-year maturity.

The issue will follow, subject to market conditions, MOL said.

MOL did not note the size of the planned issue.