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OMV AG ( (DE:OMV) ) has shared an update.
OMV AG has announced its decision to redeem its EUR 750 million NC10 Hybrid Notes issued in 2015 and is considering issuing a new hybrid bond of the same amount. This move aims to strengthen the company’s liquidity and financial flexibility, with the potential new bond issuance planned to occur within the next 18 months, subject to market conditions and supervisory board approval. The proceeds from the new bond would be used for refinancing and general corporate purposes, reflecting OMV’s strategic focus on maintaining robust financial health.
The most recent analyst rating on (DE:OMV) stock is a Hold with a EUR39.00 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 leading integrated oil and gas company based in Vienna, Austria. The company is engaged in the exploration, production, refining, and marketing of oil and gas, as well as the production of petrochemicals. OMV operates globally, focusing on sustainable energy solutions and maintaining a strong presence in the European market.
Average Trading Volume: 624,577
Current Market Cap: €15.41B
Find detailed analytics on OMV stock on TipRanks’ Stock Analysis page.