On October 30, 2020, as part of the program agreement of February 6, 2020 TAURON issued series A bearer bonds with the total nominal value (par value) of PLN 1,000,000,000 with the maturity date of October 30, 2025.
The proceeds from the bond issue will be used to finance the costs of developing/acquiring renewable energy sources (RES) projects; to finance the distribution, as well as TAURON Capital Group’s general corporate operations related to RES or the energy transition to zero emission; and to refinance TAURON Capital Group’s debt taken on in order to finance the above undertakings.
The proceeds from the bond issue may not be used for financing new and existing coal units, the operations of TAURON Wydobycie and TAURON Wytwarzanie (in the case of projects other than those specified in the foregoing sentence).