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 Upstream were issued by PKN ORLEN with the following issue conditions:
Series: ORLEN478160511; value of the bond issue PLN 33 500 000 composed of 335 bonds with a nominal value of PLN 100 000 per bond.
- Date of issue: 28 April 2011
- Redemption date: 16 May 2011
- Yield on bonds: based on market conditions, unit nominal price amounted to PLN 99 795.40.
PKN ORLEN owns 100% of the registered capital of ORLEN Upstream.