Commentary & Deal Flow

Reoffer: 5yr: MS+133bp / 98.979 / 4.86%
Benchmark: 5yr: DBR 0% Aug-31 TWIN @ 85.14 / 3.331% / B+152.9bp (HR: 107%)

Launched: 5yr: €500m @ MS+133bp
IPTs: 5yr: MS+155a

• Issuer: MOL Hungarian Oil and Gas Public Limited Company
• LEI: 213800R83KX5FQFGXS67
• Issuer Ratings: BBB- (stable) by S&P / BBB- (stable) by Fitch / BBB- (stable) by Scope
• Expected Issue Ratings: BBB- by S&P / BBB- by Fitch / BBB- by Scope
• Rank: Senior Unsecured
• Amount: EUR 500,000,000
• Format: Regulation S – Category 2, Registered Notes
• UoP: General corporate purposes
• Tenor: 5 years
• Reoffer: MS+133bps / 4.860% / 98.979%
• Benchmark: DBR 0% Aug-31 TWIN @ 85.14 / 3.331% / B+152.9bps (HR: 107%)
• Pricing Date: 15-Sep-26
• Maturity Date: 23-Sep-31
• Settlement: 23-Sep-26 (T+6)
• Coupon: 4.625% Fixed, Annual, Act/Act
• Early Redemption: Make-Whole Call at B + 25, Clean-Up Call (75% at par), 3-months Par Call, Change of Control Put Option
• Clearing: Euroclear and Clearstream, Luxembourg
• Documentation: The Issuer’s €2,000,000,000 Euro Medium Term Note Programme described in the Base Prospectus dated 11-Sep-26
• Denomination: EUR100k x 1k
• Listing: Euronext Dublin (Regulated Market)
• Governing Law: English Law
• ISIN: XS3515070046
• Selling Restrictions: As per the Base Prospectus
• Global Coordinators: Citi, Erste Group (B&D), ING, UniCredit Bank GmbH
• Joint Bookrunners: Citi, Erste Group (B&D), ING, Bank Pekao S.A., OTP Bank, IMI-Intesa Sanpaolo, Raiffeisen Bank International AG, UniCredit Bank GmbH
• Target Market: MiFID II professionals/ECPs-only – Manufacturer target market (MIFID II product governance) is eligible counterparties and professional clients only (all distribution channels. FCA / ICMA stabilisation applies.
• Timing: Priced. TOE: 17:09 CET (16:09 UKT) ; FTT: 17:50 CET (16:50 UKT)