Weber & Co has advised OMV AG, the international integrated oil and gas company headquartered in Vienna, on the issuance of two tranches of corporate bonds. White & Case's Frankfurt office advised joint lead managers Citigroup Global Markets Europe AG, Commerzbank Aktiengesellschaft, Erste Group Bank AG, Landesbank Baden-Wuerttemberg, Mizuho Securities Europe GmbH, and Raiffeisen Bank International AG.
According to Weber & Co, “the transaction in an aggregate volume of EUR 1.5 billion comprises two tranches being issued as of June 16, 2020. Both tranches provide for a volume of EUR 750 million each, one with a three-year term (2023, coupon 0.000%) and the other one with a ten-year term (2030, coupon 0.750%). The bonds are governed by German law and were issued on the basis of OMV's EUR 12 billion debt issue program. They were admitted to trading on the Official Market of the Vienna Stock Exchange and the regulated market of the Luxembourg Stock Exchange. Net proceeds are in particular to be used for the financing of the acquisition of an additional 39% stake in Borealis AG.”
Weber & Co’s team included Partner Christoph Moser and Associate Angelika Fischer.