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OMV AG ( (DE:OMV) ) has shared an update.
OMV AG has decided to call and redeem its EUR 750 million NC6 hybrid notes issued in 2020, exercising its right to repay the securities at nominal value plus accrued interest any business day up to 1 September 2026. The redemption will be processed via paying agents, aligning the group’s capital structure with upcoming reset conditions on the existing hybrid instrument.
The company is also considering issuing a new hybrid bond of up to EUR 750 million, potentially in several tranches with fixed or floating rates, subject to supervisory board approval and market conditions. Proceeds from a possible issuance within the next 18 months, and no earlier than June 2026, would bolster OMV’s liquidity, support refinancing needs, enhance financial flexibility, and fund general corporate purposes, signaling active balance-sheet management for stakeholders.
The most recent analyst rating on (DE:OMV) stock is a Hold with a EUR57.00 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 AG is an Austria-based integrated energy and chemicals group with operations spanning oil and gas production, refining, and petrochemicals. Listed on the Vienna Stock Exchange, the company focuses on supplying energy and related products to European and international markets while managing a diversified financing structure to support its capital-intensive assets.
Average Trading Volume: 429,744
Current Market Cap: €19.82B
See more insights into OMV stock on TipRanks’ Stock Analysis page.