DGAP-News 252 0 Kommentare PAYOM SOLAR AG: Final issuing volume of Payom Energy Bond

DGAP-News: PAYOM SOLAR AG / Key word(s): Issue of Debt
PAYOM SOLAR AG: Final issuing volume of Payom Energy Bond

29.02.2012 / 09:02

Corporate News

Payom Energy Bond raised EUR 27.548.000

  - Payom Solar closed the order book for 7.5 per cent bond with effect of
    February 10th, 2012

  - A total amount of EUR 27.548.000 has been raised

Hamburg, February 29th, 2012 - With effect from February 10th, 2012 Payom
Solar AG closed its Energy Bond ahead of schedule. In total, an issuing
volume of EUR 27.548.000 has been subscribed.

The bond has a EUR 1,000 denomination and carries a five-year maturity with
an annual interest rate of 7.5 per cent, due April 8th. The original
subscription period was scheduled until March 20th, 2012. However, due to
the on-going discussion about future feed-in tariffs and the latest
developments in the solar energy sector no more denominations had been
subscribed during the past few weeks. Therefore, the board of management
has decided to close the order book early.

´We are pleased with the result of the placement´, Claas Fierlings, CFO of
Payom Solar, says, ´the amount raised provides the company sufficient
capital to finance future operations.´

About Payom Solar AG:
Payom Solar AG is the holding company to a group of companies, specialized
in downstream activities in the
photovoltaic industry. With a total of 150 employees the group realizes
project development, wholesale of
components as well as turn-key delivery of solar plants in Europe and
North-America. In 2011, the group also
started with the operation of own solar plants in Germany and Italy.

Payom Group is an independent supplier of PV solutions with competitive
know-how and experience in small to
large size power plants, realizing those for private households, industrial
companies or financial investors. With
its direct access into the market, the group is able to select attractive
sites for new plants, perform the
construction planning and re-financing of these sites, and provide all
services in one solution to the customer.

Further information is available at: www.payom-solar.de

Payom Solar AG
IR: Barbara Flesche, Vice President
Grosse Elbstrasse 45, 22767 Hamburg
Tel.: 040/468963-500 Fax: 040/468963-579
E-mail: ir@payom-solar.de

End of Corporate News

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