Global law firm White & Case LLP has advised a consortium of banks, including Barclays Europe, Erste Group Bank AG, Mizuho Securities Europe GmbH, Raiffeisen Bank International AG, Société Générale and UniCredit Bank GmbH, on the issuance of two tranches of fixed rate notes of OMV Aktiengesellschaft with an aggregate principal amount of €1 billion.
The first tranche has a principal amount of € 500 million, a seven-year term and a fixed interest rate of 3.250% per annum. The second tranche has a principal amount of €500 million, a 12-year term and a fixed interest rate of 3.750% per annum.
OMV Aktiengesellschaft intends to use an amount equivalent to the net proceeds of the notes for general corporate purposes.
The notes of both tranches were admitted to trading on the regulated market of the Luxembourg Stock Exchange and the regulated market of the Vienna Stock Exchange.
The White & Case team in Frankfurt which advised on the transaction was led by partner Karsten Wöckener, local partner Felix Biedermann and associate Domenik Mack.
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