Press

OMV Issues New Hybrid Notes With a Volume of EUR 500 Million


Public disclosure of inside information according to Art 17 MAR

THIS AD-HOC ANNOUNCEMENT CONTAINS INFORMATION THAT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA, IN OR INTO AUSTRALIA, CANADA OR JAPAN OR INTO ANY OTHER JURISDICTION INTO WHICH DISSEMINATION IS UNLAWFUL.

OMV Aktiengesellschaft (“OMV”) issues new perpetual, subordinated hybrid notes with a volume of EUR 500 million.

The issue price of the hybrid notes amounts to 100%. The hybrid notes have no maturity date and will bear until but excluding June 19, 2024 (“First Reset Date”) a fixed interest rate of 2.875% per annum. From the First Reset Date (including) the hybrid notes will bear interest per annum according to a Reset Interest Rate. The Reset Interest Rate is determined according to the relevant 5-year swap rate plus a margin of 2.335% per annum during the period from the First Reset Date (including) until but excluding June 19, 2028 and as of June 19, 2028 (including) plus a margin of 3.335% per annum.

OMV may, for the first time, call the hybrid notes for redemption with effect as of any business day during the period of 90 calendar days up to and including the First Reset Date.

Closing and listing of the hybrid notes (ISIN XS1713462403) on the Regulated Market of the Luxembourg Stock Exchange and on the Official Market (Amtlicher Handel) of the Vienna Stock Exchange are intended to take place on or around June 19, 2018.


Visit source site

omv.com/portal/generic-list/display?lang=en&conten...

OMVHybrid Bond

More items from oilvoice


NPD: Drilling Permit For Well 7322/7-1 in Production Licence 852

The Norwegian Petroleum Directorate has granted Spirit Energy Norge AS a drilling permit for well 7322/7-1, cf. Section 15 of the Resource Management Regulations. Well 7322/7-1 will be drilled from the Island Innovator drilling facility, at position 73°24'48.4" north and 22°02'22.09" east after ...

OilVoice Press - OilVoice


Posted 9 hours agoPress > NorwayNorwegian Petroleum DirectorateNPD +3

US Oil & Gas Small Cap Has 'Potential for Significant Upside'

ROTH Capital Partners initiated coverage and reviewed this energy company's U.S. projects. Torchlight Drilling In a June 18 research note, analyst John White reported that ROTH Capital Partners initiated coverage with a Buy rating on Torchlight Energy Resources Inc. (TRCH:NASDAQ) , which ...

OilVoice Press - OilVoice


Posted 10 hours agoPress > NasdaqUnited StatesOil +5

ExxonMobil Announces Eighth Discovery Offshore Guyana

Longtail-1 well encounters approximately 256 feet of high-quality, oil-bearing sandstone Discovery is in southeast portion of Stabroek Block, near Turbot discovery Adding third drillship to accelerate exploration of high value prospects IRVING, Texas--( BUSINESS WIRE )-- Exxon Mobil Corpo ...

OilVoice Press - OilVoice


Posted 13 hours agoPress > GuyanaOffshoreDiscovery +3

Hess Announces Eighth Oil Discovery Offshore Guyana

Longtail-1 well encounters approximately 256 feet of high-quality, oil-bearing sandstone Discovery is in southeast portion of Stabroek Block, near Turbot discovery Adding third drillship to accelerate exploration of high value prospects NEW YORK--(BUSINESS WIRE)--Jun. 20, 2018-- Hess Cor ...

OilVoice Press - OilVoice


Posted 13 hours agoPress > HessOil DiscoveryDiscovery +2

Hess Announces Eighth Oil Discovery Offshore Guyana

Longtail-1 well encounters approximately 256 feet of high-quality, oil-bearing sandstone Discovery is in southeast portion of Stabroek Block, near Turbot discovery Adding third drillship to accelerate exploration of high value prospects NEW YORK--(BUSINESS WIRE)--Jun. 20, 2018-- Hess Cor ...

OilVoice Press - OilVoice


Posted 13 hours agoPress > HessHess CorporationDiscovery +3
All posts from oilvoice