Orlen Capital AB - a 100% subsidiary of Poland's biggest oil company PKN Orlen - has issued eurobonds to the tune of EUR 500mn, with maturity date on Jun 30 of 2021 and interest paid annually amounts to 2,5%.
Eurobonds were assigned with credit ratings: from Fitch Ratings Ltd - at the level of BBB- and from Moody's Investor Service - at the level of Baa3.
Orlen Capital AB will re-borrow to PKN Orlen the financial resources gained from the issue.
Joint Lead Managers of the Eurobonds issue were: Banco Santander S.A., BNP Paribas, HSBC Bank plc, UniCredit Bank AG, Mitsubishi UFJ Securities International plc and The Royal Bank of Scotland plc, and Citibank, N.A. London Branch acts as fiscal agent and principal paying agent.
In late May, the company's supervisory board granted its consent to start the process leading to issue of eurobonds of the maximum value up to EUR 1.0bn and maximum 10-year tenor.
Related Articles
Ukraine’s NovaPay launches European app for financial services with Polish partner
Ukrainian financial services group NovaPay has launched a European version of its mobile application, aimed at Ukrainians and EU residents, in partnership with Polish payment institution Quicko, ... more
Russian drones targeted Rzeszów airport hub, media claim
Russian drones, which breached Polish airspace in the early hours of September 10, might have been targeting the airport in Rzeszów, which is vital for the West’s military supplies to Ukraine, ... more
Non-performing loans hit historic low in CESEE, but early warning signs emerge, says EBRD
Non-performing loans (NPLs) in central, eastern and south-eastern Europe (CESEE) fell to their lowest levels since the global financial crisis in 2024, but early indicators suggest rising risks ... more
Most Read
-
Renewable capacity growth is faster than ever, but more acceleration needed to meet Paris 2030 goal, says IEA
1 year ago
-
Kyrgyzstan abandons attempt to rescue Russian climber trapped on icy summit of country’s highest mountain
23 days ago
-
BERTRAND: China after Communism, preparing for a post-CCP China
1 month ago
-
Hungarian economy faces weak growth, slow path to price stability, central bank report shows
2 months ago
-
UKRAINE REMONT: The battle to build: signs of recovery in Ukraine's construction industry
5 months ago