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Emerging MarketsEM CEE

PKN Orlen takes ‘dark green’ route for green bond debut

Alamy_PKNOrlen_575x375_17May2021

PKN Orlen, the Polish oil refiner and petrol retailer, began marketing its debut green bond on Monday, a €500m no-grow seven year. Issuing a green bond would be a bold move for an oil company, but PKN Orlen is being conservative about the assets included and has obtained certification from the Climate Bonds Initiative.

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