ORLEN Issues €600 Million Green Bonds with the Help of White & Case
Deal News | Jul 11, 2025 | White & Case LLP
ORLEN S.A., a key energy player in Central and Eastern Europe, has successfully issued seven-year unsecured bonds amounting to €600 million. These bonds come with an annual coupon of 3.625% and are issued under ORLEN's substantial €5 billion global medium-term note program. Notably, these bonds have been made available to the public through listings on the regulated markets of Euronext Dublin and the Warsaw Stock Exchange. This issuance is aligned with ORLEN's Green Finance Framework, channeling funds towards eco-friendly projects. White & Case LLP played a pivotal advisory role in this transaction, with their team consisting of legal professionals from both Warsaw and London. The issuance was backed by a consortium of financial heavyweights including BNP Paribas, ING Bank N.V., Société Générale, CaixaBank, and Deutsche Bank.
Sectors
- Finance
- Energy
- Legal Services
Geography
- Central and Eastern Europe – ORLEN is a major multi-energy corporation based in this region.
- Ireland – The bonds are listed on the regulated market of Euronext Dublin.
- Poland – The Warsaw Stock Exchange is one of the markets where the bonds are listed, and part of the advisory team is based in Warsaw.
- United Kingdom – Part of the advisory team from White & Case is based in London.
Industry
- Finance – The article concerns the issuance of green bonds, a financial instrument used to raise capital for environmental projects.
- Energy – ORLEN S.A., a multi-energy corporation, is using the proceeds from the bond issuance to support sustainable energy projects.
- Legal Services – White & Case LLP provided legal advisory services for the bond issuance.
Financials
- €600 million – The nominal value of the green bonds issued by ORLEN.
- 3.625% – The annual coupon rate of the issued bonds.
- €5 billion – The total value of ORLEN's global medium-term note program.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ORLEN S.A. | Issuer | Company | One of the largest multi-energy corporations in Central and Eastern Europe. |
| White & Case LLP | Legal Advisor | Company | A global law firm that advised ORLEN on the bond issuance. |
| BNP Paribas, ING Bank N.V., Société Générale, CaixaBank, S.A., Deutsche Bank Aktiengesellschaft | Consortium | Company | Financial institutions that organized the bond issuance. |
| Marcin Studniarek, Neha Saran, Bartosz Smardzewski, Dawid Ksiek, Micha Truszczyski | Advisors | People | Members of the White & Case team who advised on the transaction, based in Warsaw and London. |