No. 119/2016 | 16-05-2016
PKN ORLEN Supervisory Board consent to Eurobonds issue within the ORLEN Capital Group
Polski Koncern Naftowy ORLEN Spolka Akcyjna ("PKN ORLEN") hereby informs that on 16 May 2016 the PKN ORLEN Supervisory Board gave consent to start the process leading to issue of Eurobonds within ORLEN Capital Group.
If, after completion of the preparatory works, favourable market conditions appear, the issue will be conducted by ORLEN Capital AB (publ) (“ORLEN Capital”), PKN ORLEN will act as the issue guarantor and the issue is planned to be completed by the end of 2016.
PKN ORLEN holds 100% of the shares in ORLEN Capital.