The Management Board of Polski Koncern Naftowy ORLEN SA ("PKN ORLEN S.A.", "Issuer") informs that in order to optimize liquidity management in the ORLEN Capital Group, on 8 January 2018, it issued short-term bonds to the subsidiary ORLEN Asfalt Sp. z o.o. ("ORLEN Asfalt"), as part of the Bond Issue Program, which the Issuer signed with a consortium of 6 banks in November 2006. br> The Bonds are used in managing the working capital of the ORLEN Capital Group. Br> The Bonds were issued in accordance with the Act of 15 January 2015 on bonds (Journal of Laws of 2015, item 238.), in Polish zlotys, as bearer, dematerialized, unsecured, zero-coupon securities. Bonds will be redeemed at nominal value. Br> Bonds acquired today by ORLEN Asfalt have been issued by PKN ORLEN S.A. in the series ORLEN1468 090218 with a total value of PLN 10,000,000, which consists of 100 bonds with a nominal value of PLN 100,000 each bond, on the following terms: br> - Issue date: January 8, 2018 br> - Date purchase: February 9, 2018 br> - Bond yield: based on market terms, the unit issue price was PLN 99,853.50. br> PKN ORLEN SA holds 100% of shares in the share capital of ORLEN Asfalt. br> See also: current report no 75/2006 of November 27, 2006. br>
Source: company website, investor relations, current and periodic reports.