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What goes on in Poland on the 18th of March.
Orlen will issue bonds worth PLN 1 billion based on the ESG rating
PKN Orlen diversifies its sources of financing, acquiring funds by issuing sustainable development bonds. In March, the company will issue bonds with a total value of PLN 1 billion, with a 10-year maturity and a fixed coupon of 2.875 percent per annum, with the possibility of increasing it by 0.1 percent or 0.2 percent depending on the ESG rating level, issued by MSCI ESG Research (UK) Limited. This will be the second issue of sustainable development bonds carried out by PKN Orlen, which introduces a stable instrument with a long maturity to the debt portfolio, thus improving the financial security of the entire Orlen Group.
“As the leader of the energy transition in Poland, we intend to implement many ambitious projects that will contribute to the reduction of CO2 emissions and the development of renewable energy sources. In line with our strategy, their implementation will be largely based on sustainable financing. We are an experienced player on the capital market and we skillfully read the needs of its participants. Hence the decision on the next, second issue of bonds based on the ESG rating, for which there is a great demand. In this way, we are not only getting closer to achieving strategic goals, but also strengthening the trust among investors as a reliable and responsible partner,” says Daniel Obajtek, President of PKN Orlen.
Hacking attack on the website of the National Atomic Energy Agency
A message about radiation hazard in north-eastern Poland appeared on the website of the National Atomic Energy Agency (PAA). The agency said there was no radiation hazard and claimed the announcement was the result of a hacking attack. Law enforcement agencies are already investigating the incident. According to the fake warning, the radiation was released at a radioactive waste repository in Lithuania. However, this information was quickly denied by the PAA in a separate announcement. This is not the first piece of fake news related to radiation hazards. Exactly a year ago, pro-Russian websites informed about an explosion at a nuclear power plant in Ukraine, and about a reactor accident at the nuclear research center in Świerk, near Warsaw. These attacks are designed to create panic among the public.
