No. 209/2016 | 11-08-2016
PKN ORLEN’s subsidiary – ORLEN Południe – has purchased bonds issued by PKN ORLEN
Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN") hereby informs that in order to optimise the management of financial liquidity within the ORLEN Capital Group, on 11 August 2016 PKN ORLEN issued short term bonds to its subsidiary, ORLEN Południe S.A. („ORLEN Południe”). The bonds were issued in accordance with the Bond Issue Programme signed by PKN ORLEN and a syndicate of 6 banks in November 2006.
The bonds are used for managing the working capital of ORLEN Capital Group.
The bonds were issued in compliance with the Law on Bonds dated 15 January 2015 (Journal of Laws, 2015, point 238.) in Polish zlotys, as bearer, dematerialized, unsecured, and zero-coupon securities. The redemption of the bonds will be at their nominal value.
Series: ORLEN1278 120916; value of the bond issue PLN 15 000 000 composed of 150 bonds with a nominal value of PLN 100 000 per bond.
- Date of issue: 11 August 2016
- Redemption date: 12 September 2016
- Yield on bonds: based on market conditions, unit nominal price amounted to PLN 99 853.50.