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MOL signs agreements for €750m Eurobond

Hungarian oil and gas company MOL on Wednesday signed agreements for its €750 million fixed-rate Eurobond, MOL announced on Thursday morning.

The notes, priced at 315 basis points above mid-swap rates, will have a seven-year maturity and pay an annual coupon of 5.875%.

The notes will be listed on the Luxembourg Stock Exchange.

MOL Group chief financial officer József Molnár said the company intends to use the proceeds from the bond issue for general corporate purposes. (MTI-ECONEWS)