ORLEN raises PLN 2 billion to support strategic investments, including offshore energy projects
ORLEN Group has successfully completed a PLN 2 billion bond issuance aimed at strengthening its long-term financing structure and supporting strategic energy investments, including offshore wind and energy security infrastructure.
In brief
ORLEN Group has raised PLN 2 billion from an issue of 20 thousand bonds with a 7-year maturity and an interest rate of WIBOR 6M plus 1 percent per annum. The bonds, taken up entirely by domestic institutional investors, received ratings of BBB plus and AA plus (pol), and the issue was coordinated by Bank Pekao and PKO Bank Polski. Part of the proceeds will refinance a PLN 1 billion issue maturing in December 2025. The financing will support the ORLEN 2035 Strategy, including offshore wind energy in the Baltic Sea and natural gas production.
The issue comprised 20,000 bonds with a seven-year maturity and a floating interest rate set at WIBOR 6M + 1% per annum. The bonds were assigned ratings of BBB+ and AA+(pol). The entire offering was placed with domestic institutional investors, reflecting strong market confidence in ORLEN’s financial stability and strategic direction.
– This successful transaction further enhances our financial flexibility and confirms investor trust in ORLEN. Executing the issuance on the domestic market is a key step in diversifying our funding sources, following this year’s transactions targeting European and US investors – said Sławomir Jędrzejczyk, Vice President of the Management Board for Finance.
Part of the proceeds will be used to refinance a PLN 1 billion bond issue maturing in December 2025, helping the Group maintain a well-structured, long-term debt portfolio and predictable liquidity profile.
The funds will be allocated to general corporate purposes, including projects under ORLEN Strategy 2035, the largest energy investment program in Poland’s history. The strategy includes large-scale offshore wind developments in the Baltic Sea, increased natural gas production, energy storage facilities, and advanced low-emission technologies.
With planned capital expenditure of up to PLN 380 billion, ORLEN’s investments are expected to significantly enhance Poland’s energy security while reinforcing the role of the maritime and offshore sectors in the regional energy transition.
The issuance was coordinated by Bank Pekao and PKO Bank Polski, with Bank Pekao acting as agent. Investors included banks, pension funds and investment funds seeking long-term floating-rate instruments.
Source: Gazeta Morska · Compiled by: Kamil Kusier
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