The Management Board of Polski Koncern Naftowy ORLEN SA ("PKN ORLEN SA", "Issuer") informs that in order to optimize liquidity management in the ORLEN Capital Group, on 19 April 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 ORLEN1489 180518 with a total value of PLN 20,000,000, which consists of 200 bonds with a nominal value of PLN 100,000 each bond, on the following terms: br> - Issue date: April 19, 2018 br> - Date purchase: May 18, 2018 br> - Bond yield: based on market terms, the unit issue price was PLN 99,868.10. 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.