BONDS
External financing:
Long Term Debt'
Loans and financial obligations lasting over one year. Long-term debt for a company would include any financing or leasing obligations that are to come due in a greater than 12-month period.
1. Bonds for institutional investors
On 27 June 2012, the bonds of PKN ORLEN SA debuted on the Catalyst bond market.
Commentary:
tabela 1.
The bonds were issued under the Bond Issue Programme in the amount of PLN 2,000,000,000 (in words: two billion zlotys) performed under the Bond Issue Programme Contract entered into on 27th November 2006, as amended.
The total nominal value of issue of the ORLEN002 270219 series Bonds amounts to 1,000,000,000 PLN (in words: one billion zlotys).
4) Nominal value and issue price of debt instruments or calculation method
Nominal value of a single Bond is equal to the Bond issue price and amounts to PLN 100,000 (in words: one hundred thousand zlotys) ("Nominal value", „Principal Amount").
On 27th February 2019 ("Maturity Date") the Issuer shall pay the Principal Amount for each Bond equal to PLN 100,000 (in words: one hundred thousand zlotys).
This type of financing
Corporate bonds are considered higher risk than government bonds. As a result, interest rates are almost always higher, even for top-flight credit quality companies.
Rating A in Catalyst ranking
Bonds with a high degree of assurance of repayment; may be downgraded in the future
Bonds for individual investors
Six series of bonds A B C D E F
Information about this type of bonds are comparable Most of them is variable with a fixed margin. The decisive difference is the price of bonds. Is only 100 PLN. Currently, the price on the secondary market are: ..... check it out. Rating is ok, but keep in mind that these are unsecured!
The following tables show information about the first two emissions. Maturity date of last issue series (F) is planned for 2020
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