Austrian oil company OMV’s inaugural eurobond has proved a success. In the run-up to the launch, the deal size was increased from €150mn to €250mn to satisfy the enormous demand. As a result, this issue represents the largest corporate bond ever issued on the Austrian capital market. Bank Austria Creditanstalt, the lead manager, stated following the subscription period that the entire volume was placed in the market.
Private investors, who were given full allocation, were the largest group of investors, subscribing to 33%. Another 25% were sold to investment funds, banks bought 24% and the remaining 18% went to corporates and various institutional investors.
OMV, Central and <