Bank Pekao facilitated a PLN 2 billion bond issuance for ORLEN, marking the largest non-government bond issuance in Poland in two years, aimed at funding strategic investments in energy security.

Target Information

Bank Pekao S.A. has successfully supported the ORLEN Group in the issuance of seven-year bonds totaling PLN 2 billion. This marks the largest issuance of non-government bonds in the Polish market in the past two years. Bank Pekao acted as the coordinator, organizer, dealer, and issuance agent for this bond offering. A total of 20,000 bonds were issued, each with a nominal value of PLN 100,000, a maturity of seven years, and a variable interest rate set at WIBOR 6M + 1% per annum. The issuance received an international credit rating of BBB+ and was fully allocated to domestic institutional investors. The funds raised will strengthen and diversify the financing structure of the ORLEN Group and will be used for various corporate purposes, including investments outlined in the ORLEN 2035 Strategy.

The buyers of these bonds primarily included investors seeking variable coupon instruments with a long maturity horizon, notably banks, pension funds, and investment funds. According to Piotr Wochniak, Director of the Financial Markets Department at Bank Pekao, the parameters of this issuance reflect the company’s credit quality and trust in its strategic direction, highlighting the strength of the Polish capital market, which presents opportunities for issuers.

Industry Overview in Poland

The Polish bond market has demonstrated resilience and growth, becoming increasingly important in European financial environments. The issuance underlines the robustness of the Poland's corporate banking sector, particularly in the context of economic recovery driven by strategic i