ORL0732 — ORLEN bonds: terms and documents — obligacje.io

ORLEN· ORL0732

corporate · EUR

Current coupon: 3.62%
Maturity: Jul 2, 2032
Catalog nominal (per-note value unverified): €100,000
Accrued interest: No value available from the official source

The current coupon is the rate for the current period according to available data. The benchmark and margin formula comes from issue documents; it does not confirm the current fixing or a conditional margin.

Parameters

ISIN: XS3104553931
Current coupon: 3.62%
Maturity: Jul 2, 2032
Catalog nominal (per-note value unverified): €100,000
Accrued interest: No value available from the official source
Type: corporate
Market: GPW RR
Coupon: fixed
Outstanding: €600,000,000
Issue date: —
Authorization date: Jul 25, 2025
First listing: Jul 25, 2025

Bond price · ORL0732

Chart provided by TradingView. Data availability depends on provider coverage for this series.

Key information

Prepared with AI — errors or omissions are possible. Check the sources.

When is interest paid?

Contractual interest payments for series D fall annually on 2 July, starting on 2 July 2026. If a payment date is not a Payment Day, the programme terms defer payment to the next Payment Day without additional interest solely for that deferral.

Sources and quotations (4)

orlen-seria-d.pdf · p. 3Quotation in the document’s original language

(b) Interest Payment Date(s): 2 July in each year up to and including the Maturity Date

ORLEN GMTN Offering Circular, 20 January 2025 · p. 131Quotation in the document’s original language

If the date for payment of any amount in respect of any Note, Receipt or Coupon is not a Payment

Can the issuer redeem the bonds early?

The Final Terms for series D select an ordinary issuer call option (2 April 2032) and a separate residual call option. For the latter, the programme terms require no more than 20% of the series' original nominal amount to remain outstanding and provide for redemption of all remaining notes at par plus accrued interest, with notice. Neither option establishes that it has been exercised.

The conditions and date of exercise require separate evidence; the options have different triggers and are not a single instrument.

Sources and quotations (9)

orlen-seria-d.pdf · p. 4Quotation in the document’s original language

18. Issuer Call: Applicable

orlen-seria-d.pdf · p. 4Quotation in the document’s original language

(a) Optional Redemption Date(s): 2 April 2032

ORLEN GMTN Offering Circular, 20 January 2025 · p. 136Quotation in the document’s original language

If Issuer Residual Call is specified as being applicable in the applicable Final Terms and, at any time,

ORLEN GMTN Offering Circular, 20 January 2025 · p. 136Quotation in the document’s original language

the outstanding aggregate nominal amount of the Notes is 20 per cent. or less of the aggregate nominal

ORLEN GMTN Offering Circular, 20 January 2025 · p. 136Quotation in the document’s original language

Note is a Floating Rate Note), on giving not less than 30 and not more than 60 days" notice to the

ORLEN GMTN Offering Circular, 20 January 2025 · p. 136Quotation in the document’s original language

amount of the Series issued, the Notes may be redeemed at the option of the Issuer in whole, but not

ORLEN GMTN Offering Circular, 20 January 2025 · p. 136Quotation in the document’s original language

date fixed for redemption), at 100 per cent. of their nominal amount together, if appropriate, with

orlen-seria-d.pdf · p. 4Quotation in the document’s original language

21. Issuer Residual Call: Applicable

orlen-seria-d.pdf · p. 2Quotation in the document’s original language

Offering Circular dated 20 January 2025 as supplemented by the supplement dated 17 June 2025

Investor rights and protection

Can the issuer redeem the bonds early?

The conditions and date of exercise require separate evidence; the options have different triggers and are not a single instrument.

Sources and quotations (9)

orlen-seria-d.pdf · p. 4Quotation in the document’s original language

18. Issuer Call: Applicable

orlen-seria-d.pdf · p. 4Quotation in the document’s original language

(a) Optional Redemption Date(s): 2 April 2032

ORLEN GMTN Offering Circular, 20 January 2025 · p. 136Quotation in the document’s original language

If Issuer Residual Call is specified as being applicable in the applicable Final Terms and, at any time,

ORLEN GMTN Offering Circular, 20 January 2025 · p. 136Quotation in the document’s original language

the outstanding aggregate nominal amount of the Notes is 20 per cent. or less of the aggregate nominal

ORLEN GMTN Offering Circular, 20 January 2025 · p. 136Quotation in the document’s original language

Note is a Floating Rate Note), on giving not less than 30 and not more than 60 days" notice to the

ORLEN GMTN Offering Circular, 20 January 2025 · p. 136Quotation in the document’s original language

amount of the Series issued, the Notes may be redeemed at the option of the Issuer in whole, but not

ORLEN GMTN Offering Circular, 20 January 2025 · p. 136Quotation in the document’s original language

date fixed for redemption), at 100 per cent. of their nominal amount together, if appropriate, with

orlen-seria-d.pdf · p. 4Quotation in the document’s original language

21. Issuer Residual Call: Applicable

orlen-seria-d.pdf · p. 2Quotation in the document’s original language

Offering Circular dated 20 January 2025 as supplemented by the supplement dated 17 June 2025

When can an investor demand early redemption?

The ordinary Investor Put does not apply to series D, but a conditional Change of Control Put is selected. The prospectus links it to a specified control event and rating conditions; the price may be 101% or 100% of nominal value depending on the conditions, plus accrued interest. It is not an unrestricted redemption right or an automatic entitlement to 101%.

Whether a qualifying change of control has occurred or which pricing conditions would be met has not been assessed.

Sources and quotations (7)

orlen-seria-d.pdf · p. 4Quotation in the document’s original language

19. Investor Put: Not Applicable

orlen-seria-d.pdf · p. 4Quotation in the document’s original language

20. Change of Control Put: Applicable

ORLEN GMTN Offering Circular, 20 January 2025 · p. 134Quotation in the document’s original language

If Change of Control Put is specified as being applicable in the applicable Final Terms, upon the

What security and repayment ranking apply?

Under the applicable prospectus, series D is an unsecured, unsubordinated obligation of the issuer, generally ranking pari passu with other unsecured obligations, subject to the exceptions in law and the terms.

The selected documents do not establish a separate executed guarantee.

Sources and quotations (3)

ORLEN GMTN Offering Circular, 20 January 2025 · p. 102Quotation in the document’s original language

The Notes and any related Receipts and Coupons are direct, unconditional, unsubordinated and

ORLEN GMTN Offering Circular, 20 January 2025 · p. 102Quotation in the document’s original language

(subject to the provisions of Condition 4) unsecured obligations of the Issuer and rank pari passu

orlen-seria-d.pdf · p. 2Quotation in the document’s original language

Offering Circular dated 20 January 2025 as supplemented by the supplement dated 17 June 2025

Which breaches give bondholders rights?

The prospectus for series D defines Events of Default, including non-payment after the contractual grace periods and other triggers. Acceleration does not follow merely from the list of risks; the conditions and applicable procedure must be met.

No current breach, insolvency or acceleration has been established.

Sources and quotations (3)

ORLEN GMTN Offering Circular, 20 January 2025 · p. 139Quotation in the document’s original language

respect of the Notes or any of them and the default continues for a period of seven days in the

ORLEN GMTN Offering Circular, 20 January 2025 · p. 139Quotation in the document’s original language

notice as is hereinafter mentioned will be required) the failure continues for the period of 30

orlen-seria-d.pdf · p. 2Quotation in the document’s original language

Offering Circular dated 20 January 2025 as supplemented by the supplement dated 17 June 2025

Issuer and other terms

Who is the issuer?

The issuer of legal series D is ORLEN S.A. The Final Terms identify the series and its applicable dated programme prospectus, together with the supplement dated 17 June 2025.

Sources and quotations (2)

orlen-seria-d.pdf · p. 2Quotation in the document’s original language

1. Issuer ORLEN S.A.

orlen-seria-d.pdf · p. 2Quotation in the document’s original language

2. (a) Series Number: D

What are the proceeds intended for?

The Final Terms for series D state an intention to finance or refinance eligible projects; the supplement dated 17 June 2025 replaces the earlier Green Finance Framework section. This is an intended allocation, not evidence of expenditure or confirmation of compliance with the external framework's criteria.

The external Green Finance Framework and actual allocation are not confirmed here.

Sources and quotations (5)

orlen-seria-d.pdf · p. 8Quotation in the document’s original language

(i) Reasons for the offer: To finance or refinance, in whole or in part, Eligible Projects

ORLEN GMTN First Supplement, 17 June 2025 · p. 4Quotation in the document’s original language

be replaced by the following:

ORLEN GMTN First Supplement, 17 June 2025 · p. 4Quotation in the document’s original language

Green Finance Framework, the Issuer may issue Green Bonds to finance and/or refinance Eligible

ORLEN GMTN First Supplement, 17 June 2025 · p. 4Quotation in the document’s original language

None of the Green Finance Framework, the Second Party Opinion nor any of the reports, verification

What material obligations does the issuer have?

The applicable prospectus for series D contains a negative pledge relating to specified debt and security interests, with definitions and exceptions. This concise answer does not assess the issuer's current compliance.

The scope of the exceptions must be read in the full Condition 4.2; current compliance has not been checked.

Sources and quotations (3)

ORLEN GMTN Offering Circular, 20 January 2025 · p. 103Quotation in the document’s original language

So long as any of the Notes remains outstanding, the Issuer will not, and will ensure that none of its

ORLEN GMTN Offering Circular, 20 January 2025 · p. 103Quotation in the document’s original language

Interest equally and rateably with the Relevant Indebtedness; or

orlen-seria-d.pdf · p. 2Quotation in the document’s original language

Offering Circular dated 20 January 2025 as supplemented by the supplement dated 17 June 2025

What additional terms need attention?

The Final Terms for series D prohibit sales to retail investors in the EEA and require a denomination of at least EUR 100,000. The prospectus also provides for a separate, conditional early redemption for tax reasons; this is not an additional unrestricted investor option.

Whether grounds for early redemption for tax reasons have arisen has not been assessed.

Sources and quotations (5)

orlen-seria-d.pdf · p. 1Quotation in the document’s original language

PROHIBITION OF SALES TO EEA RETAIL INVESTORS – The Notes are not intended to be offered,

orlen-seria-d.pdf · p. 1Quotation in the document’s original language

sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail

orlen-seria-d.pdf · p. 2Quotation in the document’s original language

6. (a) Specified Denominations: EUR 100,000 and integral multiples of EUR 1,000 in excess

Parameters

Bond price

ORLEN· ORL0732

Parameters

Bond price · ORL0732

Key information

Bond terms

Interest and repayment

What are the denomination and currency?

This series calculator is unavailable

How is interest determined?

When is interest paid?

When and how is principal repaid?

Investor rights and protection

Can the issuer redeem the bonds early?

When can an investor demand early redemption?

What security and repayment ranking apply?

Which breaches give bondholders rights?

Issuer and other terms

Who is the issuer?

What are the proceeds intended for?

What material obligations does the issuer have?

What additional terms need attention?