White & Case advises underwriters on OMV €1 billion bonds issuance

Global law firm White & Case LLP has advised a consortium of banks on OMV Aktiengesellschaft´s (OMV) €1 billion bonds issuance.

The first tranche has a principal amount of €500 million, an eight-year term and a fixed interest rate of 3.125% per annum. The second tranche has a principal amount of €500 million, a 15-year term and a fixed interest rate of 3.875% per annum.

OMV intends to use an amount equivalent to the net proceeds of the notes for general corporate purposes.

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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