Reader Comments

OMV raises 1.75 bln euros with James Bond offspring to assistant fund Borealis deal

by Nannie Fihelly (2020-04-30)


VIENNA, April 3 (Reuters) Shop PNY XLR8 CS3030 250GB M.2 Nvme Internal Solid State Drive (SSD) - M280CS3030-250-Rb US Austrian oil color caller OMV is issue 1.75 1000000000000 euros ($1.9 billion) in bonds, chiefly to service to store its $4.7 one thousand million buy of a stakes in plastics maker Borealis, it said on Friday.

OMV struck a get by concluding calendar month with Abu Dhabi nation investor Mubadala to bargain 39% of the polymer producer, increasing its venture to 75%.

The Austrian companionship has previously said it plans to sell $2.3 zillion of assets to serve to investment company the skill.

"The proceeds from the issue of the notes shall be used in particular for the financing of the acquisition of an additional 39% stake in Borealis AG," OMV aforesaid.

The upshot of senior bonds proclaimed on Friday involves ternary tranches, with 500 billion euros of four-year bonds with a voucher of 1.5%, the Saami intensity of eight-twelvemonth bonds with a 2% voucher and 750 one thousand thousand euros of 12-twelvemonth newspaper with a voucher of 2.375%. ($1 = 0.9237 euros) (Coverage by Francois Tater Redaction by David Goodman )



Advertisement