Zenith Pure Oil completes HUF 28bn bond issuance
On 20 September 2019 Zenith Pure Oil successfully completed a bond auction for institutional investors in line with the “Bond Funding for Growth Scheme” announced by the National Bank of Hungary.
Zenith Pure Oil Plc. ("Zenith Pure Oil") hereby notifies the market of the following:
On 20 September 2019 Zenith Pure Oil successfully completed a bond auction for institutional investors in line with the “Bond Funding for Growth Scheme” announced by the National Bank of Hungary. The bonds are issued in a private placement with below terms:
- amount: HUF 28.4bn
- maturity: 10 years
- coupon: 2%
- yield: 1.9055%
- spread over mid-swap: 73 bp
- paying agent: UniCredit Bank Hungary Zrt.
Zenith Pure Oil intends to have the bonds listed on XBond, a multilateral trading facility operated by Budapest Stock Exchange.
By completing the current transaction Zenith Pure Oil has achieved highly competitive financing conditions.