Schoenherr has advised OMV Aktiengesellschaft on the issuance of EUR 750 million in perpetual, subordinated hybrid notes with J.P. Morgan and MUFG acting as the structuring agents and joint global coordinators and BofA Securities, Erste Group, ING, LBBW, and SMBC as the joint bookrunners. Wolf Theiss, working with the White & Case Frankfurt office, advised the bookrunners.
According to Schoenherr, the issuance, which was oversubscribed, was placed among international institutional investors. The hybrid notes, governed primarily by German law, carry a fixed interest rate of 4.3702% per annum until December 30, 2030, after which they will bear interest based on a reset rate. The bonds, denominated at EUR 100,000, are listed on both the Official Market of the Vienna Stock Exchange and the regulated market of the Luxembourg Stock Exchange.
The Schoenherr team included Partners Christoph Moser and Marco Thorbauer, Attorney at Law Angelika Fischer, and Associates Daniel Gritsch and Clemens Stockhammer.
The Wolf Theiss team included Partner Claus Schneider, Counsel Eva Stadler, Senior Associate Sebastian Prakljacic, and Associates Rainer Holweg and Magdalena Bertsch.
