By Sarka Halas

Hungarian oil company MOL Nyrt. (MOL.BU) has set pricing on its dollar-denominated, benchmark-sized seven-year bond at around the low 500 basis points over midswaps, one of the banks running the deal said Wednesday.

Citigroup and HSBC are the lead managers on the deal.

The issuer is rated BB+ by Moody's Investor Services and BBB- by Fitch Ratings.

Write to Sarka Halas at sarka.halasova@dowjones.com