Mol Nyrt. fell to a two-year low after Hungary’s largest refiner warned it may sell its INA Industrija Nafte d.d. unit as talks with the Croatian government over management rights in the company stalled.
OTP Bank Nyrt., Hungary’s largest lender, plunged the most in 22 months as its top executive sold shares after the cabinet said it may retroactively amend the terms of foreign-currency loans, putting bank earnings at risk.
Hungary’s bonds fell the most in more than a week and the forint dropped after the International Monetary Fund said the country needs to take “tangible steps” on resolving policy issues before aid talks can be resumed.
The yield on Dana Gas PJSC’s $1 billion Islamic bonds jumped to the highest level in two weeks as the United Arab Emirates energy company reported full-year results without providing an update on the sukuk repayment.