In June 2013 PGE issued domestic bonds with a nominal value of PLN 1 billion. Offer was over 3 times oversubscribed and PGE achieved record terms of financing.

Bonds issue was settled on June 23, 2013. Bonds maturity is 5 years with semi-annual coupon based on floating WIBOR 6M plus 70 basis points, which is the best price for corporate debt of a Polish company, when compared to government bonds of similar maturity.

Fitch Ratings assigned the above bonds issue a final senior unsecured National Rating of ‘AA-(pol)’ – it means that a bond issue represents very low risk in comparison with other bond issues in Poland.

The funds obtained from bonds issue were used for purchase of wind farms from DONG and Iberdrola.

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