Clifford Chance advised PKN ORLEN on the deal.
PKN ORLEN issued bonds under the company’s existing domestic bonds programme. This was Central Europe’s first ever issuance of corporate bonds linked to an MSCI ESG Rating, with the interest rate based on an independent environmental, social and governance (ESG) rating. The proceeds will be applied to fund some of the capital projects undertaken to advance the company’s 2050 carbon neutrality strategy.
The team who worked on the transaction included Grzegorz Namiotkiewicz (Picture – Partner, Co-head of Banking & Finance in Warsaw), Aleksandra Rudzinska (Senior Associate) and Zuzanna Bartczak.
Law Firms: Clifford Chance;
Clients: PKN Orlen S.A.;