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Corporate Bonds

OMV shrugs off market gloom with €500m issue that turns week from ugly to cheerful

OMV, an Austrian oil and gas group, braved the credit markets’ ugly skies at the beginning of this week to launch a €500m 10 year bond on Wednesday — the first corporate issue in euros for a week. In so doing, it led the way for two more deals to follow in the currency on Thursday.

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