MOL signed agreements for its EUR 750 million Eurobond

MOL Hungarian Oil and Gas Public Limited Company, rated BBB- (Standard & Poor’s), hereby announces that it signed the agreements related to its EUR 750 million fixed rate note on 30 September 2005. The notes are due on 5th October 2015, were priced at 70bp above mid-swap rates, and will pay an annual coupon of 3.875% and are in the denomination of EUR 50,000 each. The notes will be listed on the Luxembourg Stock Exchange.

The notes were offered as part of a private placement.

The size, tenor and price achieved for the Eurobond issue clearly demonstrate the level of investor confidence in both the company’s financial strength and its strategy in the region. At EUR 750mn, MOL`s issue represents the largest ever non-sovereign benchmark for Central Europe. The order book exceeded EUR 2.2bn, with over 200 accounts from 31 countries. The transaction represents the first ever BBB- rated issuer to have debuted beyond the 7-year sector. The launch spread of midswap+70bp represents the tightest ever spread for a BBB- credit in the 10-year sector.
Under no circumstances shall this notice constitute an offer to sell, or issue or the solicitation of an offer to buy or subscribe for notes.