Weber & Co. has advised OMV Aktiengesellschaft in connection with the issue of a corporate bond in an aggregate volume of EUR 1 billion. White & Case advised the Joint Lead Managers on the bond issue.
The Joint Lead Managers consisted of Citigroup Global Markets Limited, Credit Agricole Corporate and Investment Bank, DZ BANK Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, Raiffeisen Bank International AG, and SMBC Nikko Capital Markets Limited.
The bonds are issued in two tranches, at EUR 500 million each. The first tranche has a term of five years and a fixed coupon of 0.750 percent, and the second tranche has a term of ten years and a fixed coupon of 1.875 percent. The notes were admitted to trading on the regulated markets of the Luxembourg Stock Exchange and the Vienna Stock Exchange.
According to Weber & Co., the bonds are governed by German law and were issued on the basis of OMV's EUR 8 billion debt issue program.
Headquartered in Vienna, OMV is an international company that produces oil & gas, innovative energy, and petrochemical solutions.
Weber & Co. Partner Christoph Moser, who led his firm's team on the deal, said, "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."
Moser was assisted by Weber & Co Associates Angelika Fischer and Yvonne Gutsohn.
The White & Case team was led by Frankfurt-based Partner Karsten Wockener and included Partner Rebecca Emory and Local Partner Cristina Freudenberger, Counsel Alexander Born, and Associates Philipp Kronenbitter and Daniel Gillenkirch.
