White & Case and Wolf Theiss have advised joint lead managers Barclays Bank PLC, BNP Paribas, Erste Group Bank AG, Raiffeisen Bank International AG, and UniCredit Bank Austria AG on OMV Aktiengesellschaft's EUR 1 billion bond issue — the largest Austrian corporate bond issue to date in 2019. OMV was advised by Weber & Co.
The bonds were issued in two tranches: The first with a principal amount of EUR 500 million, a six-year term ,and a fixed coupon of 0.000%, and the second with a principal amount of EUR 500 million, a 15-year term, and a fixed coupon of 1.000%. The bonds, which are governed by German law and were issued on the basis of OMV's EUR 8 billion debt issue program, were admitted to trading on the regulated markets of the Luxembourg Stock Exchange and the Vienna Stock Exchange.
White & Case's Frankfurt-based team was led by Partner Karsten Wockener and included Partner Rebecca Emory, Local Partner Cristina Freudenberger, and Associates Peter Becker and Daniel Gillenkirch.
Wolf Theiss's team providing Austrian assistance to the banks was led by Partner Claus Schneider and included Counsel Eva Stadler and Associate Nikolaus Dinhof.
Weber & Co.'s team was led by Partner Christoph Moser and included Partner Stefan Weber and Associates Angelika Fischer and Yvonne Gutsohn.
In December 2018, OMV successfully closed a similar issuance of EUR 1 billion bonds in two tranches (as reported by CEE Legal Matters on December 7, 2018). Both White & Case and Weber & Co. advised on that issuance as well.