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MOL signs agreements for $500 mln bond offer

Hungarian oil and gas company MOL announced late Monday that is signed agreements for a $500 million corporate bond offering.

The agreements were signed by MOL's wholly-owned unit MOL Group Finance, as issuer, and by MOL as guarantor.

The issue is the first under MOL's Euro Medium Term Note Program from September 12, 2012.

The notes will be listed on the Luxembourg Stock Exchange after settlement, on September 26.

The bonds mature in seven years and carry a yield of 6.438% with an annual coupon of 6.250%.