Photon Energy Increases 7.75% Bond 2017/2022 by 7.5 Million Euro

6.8.2019

Photon Energy N.V. (WSE: PEN, ISIN NL-001039110-8, the 'Group') announces that it has successfully increased its 7.75% corporate bond 2017/2022 (DE-000A19MFH-4) by EUR 7.5 million to EUR 37.5 million, corresponding to 25% of the previous bond volume.

The new notes were placed at 102%, plus accrued interest, in a private placement exclusively with institutional investors. The transaction was managed by Bankhaus Scheich Wertpapierspezialist AG, Frankfurt am Main, as the Sole Global Coordinator.

The proceeds from the sale of the Suntop 1 project stake to Canadian Solar Inc. and the proceeds from the bond increase will enable the Group to pursue new market opportunities. The Group intends to use the net proceeds from the bond increase to finance further acquisitions and strengthen its financial power.

The new notes are expected to be introduced at the Open Market of the Frankfurt Stock Exchange on 9 August 2019 under the existing ISIN.

Download this press release as a pdf.

MEDIA CONTACT

Martin Kysly
PR & Communications Manager
T +420 774 810 670

INVESTOR RELATIONS CONTACT 

Joanna Rzesiewska
Investor Relations Manager
T +420 777 486 464
E

   

<< Back to News.

Photon Energy Group > News > Photon Energy Increases 7.75% Bond 2017/2022 by 7.5 Million Euro

 

News

loading...
 

Quicklinks

Careers

Australia

Glossary

Privacy policy

Monitoring login

Click here to access

Cookies

We use cookies to personalise content, to provide social media features and to analyse our traffic. See details.

 

News

loading...
 

Quicklinks

Careers

Australia

Glossary

Privacy policy

Monitoring login

Click here to access

Cookies

We use cookies to personalise content, to provide social media features and to analyse our traffic. See details.