Euro Medium Term Note Programme

Euro Medium Term Note Programme was established on May 22, 2014. Under the programme, PGE Sweden AB (publ) with its registered office in Stockholm, 100% subsidiary of PGE Polska Grupa Energetyczna S.A., is allowed to issue Eurobonds up to EUR 2,000,000,000 with a minimum maturity of 1 year. Liabilities of PGE Sweden arising from the issue of the Eurobonds are guaranteed by PGE Polska Grupa Energetyczna S.A. The guarantee amounts to EUR 2,500,000,000 and will be valid until December 31, 2041.

 

First Eurobonds issue in amount of EUR 500,000,000 was made on June 9, 2014. Eurobonds are listed on the Luxembourg Stock Exchange. The detail of the issue are provided below.