Book size: 600; Registration: Reg S Only; Comments: USD250m NG tap of 6.00% 01/2035, 8.75yr fxd cpn 6.00%, at 103.718, yld 5.461%, Spread: T+135bps. LEI: 259400VVMM70CQREJT74;
Deal Comments
Reoffer: 6% 01/35 Tap: CT10+135bp / 100 / 6.000%
Final Books: US$550m (ex JLM). Peak book above US$600m (ex JLM)
Launched: 6% 01/35 Tap: US$250m @ CT10+135bp - Books above US$600m (ex JLM)
IPTs: 6% 01/35 Tap: CT10+160a
Issuer: ORLEN S.A.
Ticker: PKNPW
LEI: 259400VVMM70CQREJT74
Issuer Ratings: A3 (stable) / BBB+ (stable) (Moody's/Fitch)
Format: Reg S, Category 2
Status: Senior Unsecured
Tranche: Reopening of 6.000% 01/2035
Size: US$250m tap increase
Settlement Date / Issue Date: 17-Mar-26 (T+5)
Maturity: 30-Jan-35
Reoffer Spread: CT10+135bp
Reoffer Price: 100
Reoffer Yield: 6.000%
Coupon: 6.000% FXD SA, 30/360 (including 47 days accrued)
Denominations: US$200k x 1k
ISIN: XS2832053538 (fungible)
Use of Proceeds: General Corporate Purposes
Sole Bookrunner: Citi
Law: English
Listing: Euronext Dublin
Target Market: Eligible counterparties and professional clients only (all distribution channels)