Locked content Tauron with PLN 400 mln hybrid financing from BGK

WSE-listed utility Tauron secured PLN 400 million in hybrid financing from state-run development bank BGK. “It is a difficult instrument but one offering Tauron many possibilities,” BGK CEO Beata Daszyńska-Mazurek said. The program will include 12Y bonds with a call option after 7Y and will be issue...

Locked content Tauron hit with another lawsuit concerning windfarms

WSE-listed power utility Tauron has been sued by Wind Invest subsidiary Pękanino Wind Invest for PLN 28.5 million in damages and for further PLN 201.6 million in future damages, the company said in a market filing. The lawsuit concerns terminating a long-term contract for the deliveries of electrici...

Locked content Tauron upholds its PLN 4 bln CAPEX target

WSE-listed utility Tauron upheld its PLN 4 billion CAPEX target for this year, after spending PLN 1.5 billion in the first six months of the year. “We are reiterating our 2017 investment spending declarations at PLN 4 billion, which means that our CAPEX will rise in the second half of the year. This...

Locked content Tauron with PLN 1 bln H1 net profit – prelim. results

WSE-listed power group Tauron had a PLN 1.005 billion net profit, up from PLN 3 million in H1 last year, according to the company’s preliminary financial results. EBITDA stood at PLN 2.094 billion (PLN 1.653 billion in 2016), while revenues amounted to PLN 8.77 billion, down from PLN 8.94 billion th...
Image : Tauron Polska Energia

Tauron hit by PLN 500 mln lawsuit by wind farm firm

WSE-listed, state-owned utility Tauron has been sued by wind farm company Gorczyca Wind Invest for terminating a long-term contract for the deliveries of electricity and green certificates by Tauron subsidiary Polska Energia – Pierwsza Kompania Handlowa.

Locked content Tauron sells €500 mln in 10Y bonds

WSE-listed power utility Tauron closed the sale of it €500 million10Y eurobonds, priced at 163 bps above mid-swaps, the company said in a market filing. The bonds have been purchased by over 30 investors, with nearly half of them from the UK, German investors took 14 percent, while domestic ones acq...

Locked content Tauron sued for PLN 1.2 bln

WSE-listed, state-controlled power utility Tauron was sued by the US utility Invenergy for PLN 1.2 billion over the termination of a 15-year-long contract for the deliveries of electricity and green certificates. Invenergy claims, that the deal, which was signed in 2010 with one of Tauron’s subsidia...

Locked content Tauron to offer €500 mln in bonds at 163 bps above mid-swaps

WSE-listed utility Tauron has set the terms for its €500 million eurobonds issue, priced at 164 bps above mid-swaps and with 2.375 percent coupon rate, the company said in a market filing. The bonds will mature in 10 years. The proceeds from the issue will be used to cover the company’s expens...

Locked content Tauron to issue €500 mln bonds

WSE-listed power group Tauron is preparing a €500 million bond issue, and has hired a number of banks to attract potential investors during a roadshow in Europe. A final decision to proceed will depend on market conditions, the company added. Tauron will try to sell the bonds on the London Stock Exc...

Locked content Tauron with PLN 880 mln in support from PFR for Jaworzno plant

WSE-listed, state-owned power group Tauron will receive PLN 880 million from state-run investment vehicle PFR to build the 910 MW coal-powered block in Jaworzno. In return, PFR will take a stake in the project, which according to Tauron will not exceed 50 percent. At the moment, the scheme is comple...