OMV to bring hybrid to receptive market
OMV, the partly state-owned Austrian oil and gas company, announced on Tuesday that it would issue a hybrid bond as part of a planned capital raising to refinance acquisitions. Hybrid debt issuance has been quiet this year and bond bankers say the deal should attract strong interest. The transaction will also include a Eu900m rights issue, with one new share offered to investors for each 11 held.
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