PKN ORLEN SA (GDR) : PKN ORLEN's subsidiary – ORLEN Koltrans – has purchased ...
23.05.12
Polski Koncern Naftowy ORLEN Spolka Akcyjna ("PKN
ORLEN") hereby informs that in order to optimise the
management of financial liquidity within the ORLEN Capital
Group, on 6 March 2012 PKN ORLEN issued short term bonds to
its subsidiary, ORLEN Koltrans Sp. z o.o. ("ORLEN
Koltrans"). 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 Koltrans were issued
Source: 4-traders