OMV is producing and marketing oil & gas, innovative energy and high-end petrochemical solutions . With Group sales of EUR 20 bn and a workforce of around 20,700 employees in 2017, OMV Aktiengesellschaft is one of Austria’s largest listed industrial companies.
The bond issue in an aggregate volume of EUR 1 bn includes the issue of two tranches of EUR 500 mn each, one with a five-year term and a coupon of 0.750% and the other one with a ten-year term and a coupon of 1.875%. The bonds are governed by German law and were issued on the basis of OMV's EUR 8 bn debt issue programme (EMTN). They are admitted to trading on the Official Market of the Vienna Stock Exchange and the regulated market of the Luxembourg Stock Exchange. Citigroup Global Markets Limited, Crédit Agricole Corporate and Investment Bank, DZ BANK Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, Raiffeisen Bank International AG and SMBC Nikko Capital Markets Limited acted as Joint Lead Managers under the bond issue.
Christoph Moser, partner of Weber & Co., who led the team advising OMV: "The successful bond issue in a large volume at attractive interest coupons demonstrates the capital market strength of OMV as well as the significant interest by investors. Even in an unstable capital market environment OMV and the Joint Lead Managers were able to close the placement successfully. We are grateful that OMV relied on our legal expertise for this interesting transaction."
Transaction team Weber & Co.
Christoph Moser (partner, lead), Angelika Fischer, Yvonne Gutsohn (both associates).
About Weber & Co.
Weber & Co. is a leading Austrian law firm and regularly assists issuers and financial intermediaries in equity and debt financing in the capital markets. On the basis of its long-standing tradition, Weber & Co. with its specialized team of lawyers offers legal services in all areas of Austrian, European and international finance and business law. Our partners are highly recognized specialists in their respective field of specialisation and committed to the highest standards of legal service and proficiency. Debt capital market transactions including corporate bonds are a core expertise of the firm in the field of capital market law.