PKN ORLEN S.A. (“Company”) hereby informs that on 13 May 2021 the Company established the medium term eurobonds programme (“EMTN Programme”), which enables the Company to issue the eurobonds (“Eurobonds”). On the same day the Central Bank of Ireland approved the EMTN Programme prospectus. Based on the EMTN Programme the Company will be able from time to time to issue Eurobonds, in many tranches and currencies, with various interest structures and due dates. Within the EMTN Programme the total nominal value of the issued and outstanding Eurobonds, in no time, will not exceed the amount of EUR 5 000 000 000 or the equivalent of that amount in other currencies. The EMTN Programme received following ratings: Baa2 from Moody’s Investors Service and BBB- from Fitch Ratings.
In order to enable to issue the Eurobonds as so called green or sustainable bonds the Company prepared and will publish on its website the Green Finance Framework. In the Green Finance Framework the Company set goals of green financing, for which cash from issue of the Eurobonds will be allocated.
The Green Finance Framework, which will be published by the Company, has been revised by Vigeo Eiris, Moody’s Corporation affiliate which assesses the issuers’ ESG performance. On the basis of the assessment Vigeo Eiris provided Second Party Opinion for PKN ORLEN S.A., which confirms the compliance of the Green Finance Framework published by the Company with Green Bond Principles and Climate Transition Finance Handbook international standards.
In the near future the Company plans first Eurobonds issue within the EMTN Programme. The Company will apply for the admission of a particular series of Eurobonds to trading on the regulated market of Euronext Dublin, the Warsaw Stock Exchange or any other entity.
See also: regulatory announcement no 16/2021 as of 29 April 2021.