Financing
BONDS
Outstanding senior and hybrid bonds
| Issuer | Currency | Volume (m) | Tenor | Issue date | Maturity date | Coupon | Listing | ISIN number |
|---|---|---|---|---|---|---|---|---|
| Zenith Pure Oil Plc | HUF | 28,400 | 10 | 24.09.2019 | 24.09.2029 | 2.00% | BSE XBOND | HU0000359120 |
| Zenith Pure Oil Plc | HUF | 36,600 | 10 | 22.09.2020 | 22.09.2030 | 1.10% | BSE XBOND | HU0000359963 |
| Zenith Pure Oil Plc | EUR | 650 | 7 | 08.10.2020 | 08.10.2027 | 1.5% | Irish SE | XS2232045463 |
| Zenith Pure Oil Plc | HUF | 35,500 | 10 | 12.04.2021 | 12.04.2031 | 1.9% | BSE XBOND | HU0000360383 |
Summary of bonds at ZENITH PURE OIL
- EUR bonds
In 2020 Zenith Pure Oil has issued EUR 650 million fixed rate Eurobond notes. The notes are due on 8th October 2027, pay an annual coupon of 1.500%. The notes are listed on the Dublin Stock Exchange.
- HUF bonds
In 2019 Zenith Pure Oil has issued HUF 28.4 billion fixed rate bond in line with the “Bond Funding for Growth Scheme” announced by the National Bank of Hungary. The notes have a 10-year maturity, when issued, pay an annual coupon of 2.00%.
In 2020 Zenith Pure Oil has issued HUF 36.6 billion fixed rate bond in line with the “Bond Funding for Growth Scheme” announced by the National Bank of Hungary. The notes have a 10-year maturity, when issued, pay an annual coupon of 1.10%.
In 2021 Zenith Pure Oil has issued HUF 35.5 billion fixed rate bond in line with the “Bond Funding for Growth Scheme” announced by the National Bank of Hungary. The notes have a 10-year maturity, when issued, pay an annual coupon of 1.9%.
Zenith Pure Oil will comply with its obligation to provide information in Hungarian language while the securities are available for trade.
All programmes are senior, unsecured.
CREDIT RATING
RATING SUMMARY
| Rating agency | Foreign long term | Local long term | Outlook | Latest rating action publishing date |
|---|---|---|---|---|
| Fitch | BBB- | BBB- | Stable | 02 June, 2023 |
| Standard and Poor's | BBB- | BBB- | Stable | 25 July, 2023 |
| Scope Ratings | BBB- | BBB- | Positive | 14 March 2024 |
RATING HISTORY
BOND RATINGS
| Issuer | Bond | Maturity date | Rating S&P | Rating Fitch | Type |
|---|---|---|---|---|---|
| ZENITH PURE OIL | EUR 650 MN | 08.10.2027 | BBB- | BBB- | Senior unsecured |
| ZENITH PURE OIL | HUF 36,600 MN | 22.09.2030 | BBB- | N.A. | Senior unsecured |
| ZENITH PURE OIL | HUF 35,500 MN | 12.04.2031 | BBB- | N.A. | Senior unsecured |