Watchdog clears Polish oil firm PKN Orlen's bond issue prospectus

By bne IntelliNews May 27, 2013

The Polish Financial Supervision Commission (KNF) has passed a prospectus of Poland's biggest downstream oil company PKN Orlen related to its planned bond issue, as the watchdog has announced. The notes will be subject to public trading.

The offer will be organised by brokers UnICredit CAIB Poland and DM PKO BP.

In early April, PKN Orlen announced it submitted KNF with a prospectus related to its planned PLN 1bn (EUR 0.25bn) retail bond issue programme.

At that time, the firm said this scheme is one of the tools it wants to use to alter its financing structure, which is currently dominated by bank loans. In late 2012, the firm it does not plan an eurobond issue in 2013, while it targets regaining an investment-grade rating.

 

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Russia for first time overtakes Turkmenistan in gas exports to China

Russia in February for the first time overtook Turkmenistan on a monthly basis to become the largest pipeline supplier of natural gas to China, according to General Administration of Customs of China ... more

Ukraine's DTEK seeks $350mn to restore energy capacity after Russian attacks

Ukraine's leading private energy company, DTEK, has sounded the alarm, indicating an urgent need for $350mn to recuperate lost capacity resulting from Russia's relentless assaults on thermal power ... more

France's spending on Russian LNG surges to over €600mn this year

France's spending on Russian liquefied natural gas (LNG) surged to over €600mn this year, EU data reveals, Politico reports. The increase comes as French President Emmanuel Macron becomes ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    9 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Don't mention the "D" word - Ukraine
    6 days ago
  4. The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
    3 days ago
  5. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    9 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    27 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    1 month ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    29 days ago
  5. Saudi Arabia to scale back plans for Neom city
    16 days ago

Reports

Dismiss