PROJECT

Projects

Summary of Investment Information

Project Number

47206

Company Name

CYFROWY POLSAT S A

Date SPI Disclosed

Dec 16, 2022

Country

Poland

Region

Europe

Projected Board Date

Nov 28, 2022

Environmental Category

B - Limited

Status

Active

Last Updated Date

Jan 15, 2023

Department

Regional Industry INF LAC & EUR

Industry

Telecommunications and Technology

Previous Events

Approved : Nov 28, 2022
Signed : Dec 13, 2022
Invested : Jan 11, 2023

Sector

Other (Including Satellite Telecommunications, Radio and Television Broadcasting, etc.)

Project Description

On 15 December 2022, IFC submitted an offer to invest PLN 435 million, equivalent to US $98.6 million,  as an anchor investor in a PLN 2.67 billion sustainability-linked bond (“SLB”) being issued by Cyfrowy Polsat S.A. (the “Company”). On 16 December 2022, the Company accepted the offer and invited IFC to purchase the bonds by 11 January. The Company along with its subsidiaries (collectively the “Group” or “Grupa Polsat Plus” or “Polsat”) is one of the largest media and telecom operators in Poland. In December 2021, the Company announced the planned acquisition of 67% stake in PAK-Polska Czysta Energia sp. z o.o. (“PAK PCE”), a company that was set up to invest in renewable energy and green hydrogen in Poland, and 67% stake in Port Praski sp. z o.o, a holding company that is developing a large real estate project in Central Warsaw.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation