Norton Rose Fulbright has advised TAURON Sweden Energy AB (publ) as issuer and TAURON Polska Energia S.A. as guarantor on the issue of unsecured German registered notes Namensschuldverschreibung with a face value of EUR 168 million and 15 year tenor. The issue was arranged by J.P. Morgan Securities plc and subscribed for by mainly German financial institutions.

TAURON Polska Energia S.A. is a vertically-integrated power utility holding company headquartered in Katowice, Poland with a leading position in the generation, distribution and supply of electricity in Poland. TAURON Polska Energia S.A. is the largest electricity distributor, one of the two largest electricity suppliers in Poland, one of the largest electricity distributors and suppliers in Central and Eastern Europe, as well as the second largest energy company in Poland, as measured by installed generation capacity and net energy production.

Funds obtained from the issue will be used to grant a loan to TAURON, which in turn will use such funds for the Group’s general business purposes, especially for financing its investment programme.

The cross-border team of Norton Rose Fulbright was led by Warsaw banking partner Grzegorz Dyczkowski and Frankfurt capital markets partner Rüdiger Litten, assisted by senior associate Tomasz Rogalski (Warsaw, banking) and associate Judith Morton (Frankfurt, capital markets).