Polish energy group Orlen has raised €600 million through the successful issuance of green Eurobonds, with proceeds earmarked for renewable energy and climate-related investments, the company said on Monday.
The bond offering, which matures in July 2032 and carries a fixed annual interest rate of 3.625%, attracted strong demand from investors, with subscriptions totalling €1.49 billion—2.5 times the issued amount.
Orlen said more than 60% of the bonds were allocated to investors focused on environmental, social and governance (ESG) criteria.
The success of Orlen’s issue of green Eurobonds is a clear sign of international investors’ confidence in our strategic development plans,” said Orlen Chief Executive Ireneusz Fafara. “To deliver on our energy transition vision and build the Group’s value by 2035, we must invest over PLN 30 billion annually. Securing stable funding is therefore a key pillar of our strategy.
The proceeds will fund a range of green initiatives, including the expansion of renewable energy capacity, development of zero-carbon transport infrastructure, and energy efficiency improvements, Orlen said.
The transaction marks the company’s second green bond issuance. Its first, completed in 2021, raised €500 million.
“With this latest bond issue, we have raised long-term financing on the demanding European market – further proof of investors’ belief in the strength and resilience of Orlen’s financial position,” Fafara added.
