MGYOY Mol Magyar Olay Es Gazipari Rt (PK)

By Margit Feher

BUDAPEST--Hungarian oil and gas company MOL Nyrt. (MOL.BU) said Thursday that it had priced its seven-year eurobonds on offer with a historic low coupon and decided to issue the maximum amount due to heavy demand.

MOL, Hungary's largest company by annual revenue, set the annual coupon at 2.625%, it said in a filing with the Budapest Stock Exchange.

That is lower than the marketed 3% coupon. The annual yield will be 2.75%.

Those are the lowest coupon and yield in MOL's history, the company added.

It decided to issue 750 million euros ($851.1 million), the upper limit of its initial EUR500 million to EUR750 million range on offer, due to "overwhelming interest from investors," the company said.

The new bond will refinance the existing EUR750 million bond due 2017.

Write to Margit Feher at margit.feher@wsj.com; Twitter: @margitfeher

(END) Dow Jones Newswires

April 21, 2016 12:12 ET (16:12 GMT)

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