The Management Board of PKN Orlen has decided to launch a series E issue of bearer bonds as part of the public bond issue program addressed to individual investors, the company said.
The bond issue program will be published by the company on June 13, 2018, and will involve issuing several series of bonds up to the total amount of PLN 1 billion within 12 months from the date of approval of the prospectus.
The PKN Orlen Group manages six refineries in Poland, the Czech Republic and Lithuania, and also carries out production activities in Poland and Canada. Its consolidated sales revenues reached PLN 95.36 billion in 2017. The company has been listed on the Warsaw Stock Exchange since 1999.