DGAP-News

Photon Energy Group Successfully Places First Green Bond in the Full Amount of 50 Million Euros

DGAP-News: Photon Energy NV / Key word(s): Bond/Issue of Debt Photon Energy Group Successfully Places First Green Bond in the Full Amount of 50 Million Euros 18.11.2021 / 07:40 The issuer is solely responsible for the content of this announcement. Inside information pursuant to Article 17 MAR (public disclosure)

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Photon Energy Group Successfully Places First Green Bond in the Full Amount of 50 Million Euros

- The 6.50% Photon Energy Green EUR Bond 2021/2027, with a nominal value of up to EUR 50 million, was healthily oversubscribed as a result of the well received exchange offer as well as the interest of numerous private and institutional investors across Europe.

- In addition, the Company signed an agreement with the European Bank for Reconstruction and Development (EBRD) to act as a long-term investor to the bond.

- Photon Energy Group will use the net proceeds of the bond placement to finance the development and construction of its proprietary portfolio of photovoltaic power plants, enabling the Company to make further significant contributions to an environmentally friendly future.
 

Amsterdam - 18 November 2021 - Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW) ('Photon Energy Group', the 'Company' or the 'Issuer') has announced that it has successfully placed its 6.50% Green EUR Bond 2021/2027 (ISIN: DE000A3KWKY4) in the maximum amount of EUR 50 million. The bond issuance was met with strong demand from the Company's existing bondholders, who subscribed to EUR 21.281 million in the exchange that was offered for the existing EUR Bond 2017/2022, reducing the outstanding amount of this bond to 23.719 million. The new green bond also attracted numerous new private and institutional investors across Europe, including the European Bank for Reconstruction and Development ('EBRD').