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Polski Koncern Nft. (POKD)

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Friday 01 February, 2013

Polski Koncern Nft.

Orlen Ksiegowosc bought PKN ORLEN bonds

RNS Number : 8713W
Polski Koncern Naftowy Orlen S.A.
01 February 2013
 



PKN ORLEN's subsidiary - ORLEN Ksiegowosc - has purchased bonds issued by PKN ORLEN

Regulatory announcement no 43/2013 dated 31 January 2013

 

Polski Koncern Naftowy ORLEN Spolka Akcyjna ("PKN ORLEN") hereby announces that in order to optimise the management of financial liquidity within the ORLEN Capital Group, on 31 January 2013 PKN ORLEN issued short term bonds to its subsidiary, ORLEN Ksiegowosc Sp. z o.o. ("ORLEN Ksiegowosc"). 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 29 June 1995 (unified text: Journal of Laws, 2001 No 120, point 1300 with subsequent changes) in Polish zlotys, as bearer, dematerialized, unsecured, and zero-coupon securities. The redemption of the bonds will be at their nominal value.

 

The bonds purchased today by ORLEN Ksiegowosc were issued by PKN ORLEN with the following issue conditions:

Series: ORLEN809 280213; value of the bond issue PLN 7 200 000 composed of 72 bonds with a nominal value of  PLN 100 000 per bond.

- Date of issue: 31 January 2013

- Redemption date: 28 February 2013

- Yield on bonds: based on market conditions, unit nominal price amounted to PLN 99 682.10.

 

PKN ORLEN owns 100% of the registered capitalof ORLEN Ksiegowosc.

 

See also: regulatory announcement no 75/2006 dated 27 November 2006.


This information is provided by RNS
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