The Polish oil concern PKN Orlen – the owner of the Lithuanian refinery Mazeikiu Nafta – issued short-term bonds to its subsidiary Anwil in order to improve the management of financial liquidity within the PKN Orlen Capital Group, the Polish company officially reported.
The bonds are used for managing the working capital of PKN Orlen Capital Group.
The bonds were issued in compliance with the Law on Bonds, dated June 29, 1995, in Polish zlotys, as bearer, dematerialized, unsecured, and zero-coupon securities, informs ELTA.
The redemption of the bonds will be at their nominal value.
PKN Orlen owns 84.79% of the registered capital of Anwil.