The agreement provides for a loan of up to EUR 500m (up to approximately PLN 2.1bn, translated at the mid exchange rate quoted by the National Bank of Poland for February 13th 2012) to be advanced by PGNiG Finance AB to PGNiG for financing PGNiG's investment projects which are to be carried out as part of implementation of the Group's strategy for 2011-2015.

The loan bears interest at a fixed rate based on the Eurobond coupon and margin. The Loan Agreement was concluded for five years.

On February 10th 2012, an agreement was signed providing for the issue of Eurobonds with a value of EUR 500m under the Eurobond Issue Programme executed in August 2011. The issue has been carried out by PGNiG Finance AB of Stockholm, a wholly-owned subsidiary of PGNiG.

On August 25th 2011, PGNiG SA signed  the documentation for a EUR 1.2bn Eurobond issue programme with PGNiG Finance AB (PGNiG's subsidiary) and three banks, including Societe Generale, BNP Paribas and Unicredit Bank AG. Under a five-year programme, PGNiG Finance AB will be able to issue fixed or floating rate bonds with maturities of up to 10 years. 

Press Team PGNiG SA