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OMV AG ( (DE:OMV) ) has shared an update.
OMV Aktiengesellschaft has announced the issuance of new perpetual, subordinated hybrid notes totaling EUR 750 million. These hybrid notes, which have no maturity date, will initially bear a fixed interest rate of 4.3702% per annum until December 30, 2030. The notes are intended to be listed on the Luxembourg and Vienna Stock Exchanges, and this financial move is likely to strengthen OMV’s capital structure and provide flexibility in its financial operations.
The most recent analyst rating on (DE:OMV) stock is a Buy with a EUR46.00 price target. To see the full list of analyst forecasts on OMV AG stock, see the DE:OMV Stock Forecast page.
More about OMV AG
OMV Aktiengesellschaft is a multinational integrated oil and gas company headquartered in Vienna, Austria. It operates in the energy sector, focusing on the exploration, production, refining, and marketing of oil and gas products. The company is a significant player in the European energy market and is listed on the Vienna Stock Exchange.
YTD Price Performance: 39.04%
Average Trading Volume: 536,021
Current Market Cap: €15.3B
For a thorough assessment of OMV stock, go to TipRanks’ Stock Analysis page.