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


Gazprom: TurkStream Gas Pipeline’s Offshore Section Completed

Today, the Pioneering Spirit pipelaying vessel completed the construction of the offshore section of the  TurkStream  gas pipeline in the Black Sea. Pioneering Spirit pipelaying vessel Enlarged photo (JPG, 4.5 MB) The command to weld the final joint of the gas pipeline's second string ...

OilVoice Press - OilVoice


Posted 13 hours agoPress > GazprompipelineOffshore +3

NPD: Production Figures October 2018

Preliminary production figures for October 2018 show an average daily production of 1 874 000 barrels of oil, NGL and condensate, which is an increase of 271 000 barrels per day compared to September. Total gas sales were 10.6 billion Sm 3 (GSm 3 ), which is an increase of 1.6 GSM 3 from the pr ...

OilVoice Press - OilVoice


Posted 13 hours agoPress > NPDProduction FiguresProduction +2

Equinor is Ready to Invest in Tropical Forest Protection

  Equinor wants to help develop a robust market for private sector, ensuring responsible environmental and social protection of tropical forest. (Photo: Isabella Jusková on Unsplash) Equinor is ready to invest in the protection of tropical forest as soon as a well functioning ...

OilVoice Press - OilVoice


Posted 13 hours agoPress > EquinorEquinor Energy

TMK Announces 3Q and 9M 2018 IFRS Results

PAO TMK (“TMK” or “the Group”), one of the world's leading producers of tubular products for the oil and gas industry, today announces its interim consolidated IFRS financial results for the third quarter of 2018 and nine months ended September 30, 2018. 3Q and 9M 2018 Highlights Financial ...

OilVoice Press - OilVoice


Posted 1 day agoPress > TMKEarningsResults +2

PetroTal Announces Increased Production from Bretaña Field and Provides Operations Update

PetroTal Corp. (“ PetroTal ” or the “ Company ”) (TSX-V: TAL) is pleased to announce that it has successfully increased oil production from theBretaña Norte discovery well (the “Discovery Well” or the “Well”) at the Bretaña field in Block 95, Peru.  The Company is also pleased to provide a further ...

OilVoice Press - OilVoice


Posted 1 day agoPress > PetroTalProductionTSX-V +3
All posts from oilvoice