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PKN ORLEN carries out Series B bond offer

BC, Vilnius, 19.06.2013.Print version
Polish oil company which owns Lithuania-based oil enterprise ORLEN Lietuva – Polski Koncern Naftowy ORLEN Spolka Akcyjna (PKN ORLEN) informed about the results of series B bonds offer, issued within the public bond issue program, included in the prospectus approved by the Polish Financial Supervision Authority on May 24, 2013, the company PKN ORLEN said in a statement.

The subscriptions of 2,000,000 offered bonds were conducted from June 3, 2013, (included) to June 12, 2013 (included). The offer was not divided into tranches. The allocation of the bonds was made on June 17, 2013, writes LETA.

 

During the subscription period, 2,026 investors made subscriptions on 2,097,693 bonds.


PKN ORLEN allocated 2,000,000 bonds to 2,020 investors. In accordance with the provisions of prospectus, PKN ORLEN reduced subscriptions made from June 11, 2013, to June 12, 2013. The average reduction rate amounted to 30,33%. The investors, who made subscriptions before June 11, 2013, will receive the bonds in the number resulting from their subscription.

 

The bonds were acquired at issue price amounted from PLN 100,00 to PLN 100,10 depending on the day of subscription.

 

The value of the issue, defined as the number of bonds which were offered multiplied by the issue price, amounted to PLN 200,057,745.40.

 

Information regarding costs of Series B bonds issue PKN ORLEN published in regulatory announcement no 221/2013 dated June 14, 2013.






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