No. 143/2016 | 02-06-2016
Eurobonds issue with the value of EUR 750 m within the ORLEN Capital Group
Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN", “Company”) hereby informs that the Company through ORLEN Capital AB (publ) (“ORLEN Capital”) concluded the process of allocation and setting the conditions of eurobonds issue as follows:
- value of the issue: EUR 750 m (i.e. ca. PLN 3,3 bn)
- annual coupon 2,5%
- maturity date is 7 June 2023.
PKN ORLEN will act as the issue guarantor. The transaction will be finalized under the condition that in the following days there will be signed among others the subscription agreement and the guarantee agreement as well as the prospectus will be approved. The final settlement of the transaction is planned by the end of next week, i.e. to 10 June 2016.
The amount in PLN has been calculated based on the average PLN/EUR exchange rate as of 2 June 2016, as stated by the National Bank of Poland.
PKN ORLEN holds 100% of shares in ORLEN Capital.
See also: regulatory announcement no 119/2016 dated 16 May 2016, regulatory announcement no 132/2016 dated 25 May 2016 and regulatory announcement no 134/2016 dated 25 May 2016.