| Approval of terms and conditions of eurobonds Regulatory announcement no 25/2021 dated 21 May 2021
PKN ORLEN S.A. (the “Company") announces that on 21 May 2021 the Company’s Management Board decided to issue its first series A of eurobonds („Eurobonds”) with the total nominal value of EUR 500,000,000, which will be issued under the medium-term Eurobonds programme up to the amount of EUR 5,000,000,000 (the “EMTN Programme”), established on 13 May 2021.
The Bonds will be issued on the following terms and conditions: - The total nominal value of Eurobonds: EUR 500,000,000; - Issue of 5,000 series A Eurobonds in registered form; - Nominal value of one Eurobond: EUR 100,000; - Issue price of one Eurobond: EUR 99,426 ; - Maturity date: 7 years after the Eurobonds issue date; - The Eurobonds will bear fixed rate interest of 1.125% per annum; - The Eurobonds are not secured; - The Eurobonds will be registered in the international system of securities registration maintained by Euroclear Bank SA/NV and/or Clearstream Banking SA; - The Company will apply for the admission of the Eurobonds to trading on the regulated market of Euronext Dublin and the Warsaw Stock Exchange.
The detailed terms and conditions of the Eurobonds will be specified in the Final Terms of the Eurobonds.
Funds from the issuance of the Eurobonds will be used by the Company in line with the Green Finance Framework published by the Company, which has been reviewed by Vigeo Eiris, an affiliate of Moody’s Corporation which assesses issuers’ ESG performance. On the basis of the assessment, Vigeo Eiris provided a 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 international standards of the Climate Transition Finance Handbook.
The Eurobonds have been certified by the Climate Bonds Initiative as “Green Bonds”.
See also: regulatory announcement no. 15/2021 as of 29 April 2021, no. 16/2021 as of 29 April 2021 and no. 23/2021 as of 13 May 2021.
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