OMV loan pricing proves too tight for some

Austrian oil and gas company OMV is close to signing a €1.5bn refinancing. But at least two of the firm's relationship banks have dropped out of the deal because the pricing was too low.

  • By Michael Turner
  • 28 Oct 2013

OMV (A-/A3) mandated Barclays, ING and UniCredit to arrange the five year plus one plus one deal. Banks have now received their final allocations and signing is expected soon.

But at least two of OMV's relationship banks have dropped out of the deal because it is priced too tightly ...

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