Hungary’s MVM plans debut euro notes maturing in six or seven years

By Rebecca Melvin

Concord, N.H., Nov. 5 – Hungary’s MVM Energetika Zartkoruen Mukodo Reszvenytarsasag selected bookrunners and scheduled investor meetings for a proposed euro-denominated offering of senior unsecured notes due in six or seven years, according to a market source.

BNP Paribas and J.P. Morgan are joint global coordinators and bookrunners, and Erste Group, Goldman Sachs Bank Europe SE, OTP Bank and UniCredit are joint bookrunners of the benchmark-sized Regulation S offering, which would be the company’s first in the international bond market.

The banks arranged a global investor call on Thursday followed by a series of investor meetings. The bond transaction is subject to market conditions.

The vertically integrated energy group in 100% state-owned by Hungary.

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