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 were listed on the Luxembourg Stock Exchange, and were bought out in June 2019.
In addition, another issue in amount of EUR 138,000,000 took place in August 2014. Maturity date is August 1, 2029. The issue was assigned BBB+ rating by Fitch.