Covered bonds that Moody’s Investors Service assigned in turn a temporary rating at Baa3 – said on Wednesday PKN Orlen.
Temporary ratings of both agencies for the currently planned Eurobonds PKN Orlen were granted at the same level as before, if the company in 2014. made its first issue of such debt securities.
Last PKN Orlen reported that the issuance of Eurobonds within the group of the company, which would take place in case of favorable market conditions in the period – as was given the – by the end of 2016., agreed to the supervisory board of the company. Issue would be realized by ORLEN Capital AB, a Swedish subsidiary of PKN Orlen, in which he holds 100 per cent. shares.
“If after the completion of the preparatory work for the issue will be favorable market conditions, the issue will be made by the company Orlen Capital AB, PKN Orlen will act as the guarantor of the issue, and the issue will be carried out by the end of 2016.” – PKN Orlen announced in mid-May.
on Wednesday Plock company said it would “conduct a Eurobond issue is planned for the end of the second quarter of 2016.”
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