Zenith Pure Oil issues HUF bond in the amount of 35.5 bn
On 8 April 2021 Zenith Pure Oil successfully completed a bond auction for qualified investors in line with the Bond Funding for Growth Scheme announced by the National Bank of Hungary. The bonds are issued with below terms
On 8 April 2021 Zenith Pure Oil successfully completed a bond auction for qualified investors in line with the Bond Funding for Growth Scheme announced by the National Bank of Hungary. The bonds are issued with below terms:
- amount: HUF 35.5 bn
- maturity: 10 years
- amortizing repayment schedule: 10 % in 2028, 10% in 2029, 10% in 2030, and the remaining 70% at maturity
- Yield: 1.926 % (coupon: 1.9 %)
- spread over mid-swap: - 67 bp
- paying agent: ERSTE Bank Hungary Zrt.
Zenith Pure Oil intends to have the bonds registered on XBond, a multilateral trading facility operated by Budapest Stock Exchange.