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MOL sells more than HUF 5 bln of bonds in first retail forint issue

Hungarian oil and gas company MOL said it sold HUF 5.05 billion of bonds in its first retail forint issue.

MOL accepted all of the offers for the bonds in the subscription period which ran from September 27 to October 22.

The 18-month bonds carry an annual 6% coupon.

MOL's board aimed to further diversify the company's funding resources with the sale.

The sale was the first issuance under MOL's 2010-2011 bond program which is capped at HUF 100 billion. (MTI – Econews)