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DGAP-News Photon Energy Group Increases Green Bond to EUR 55 Million with the EBRD

DGAP-News: Photon Energy NV / Key word(s): Bond/Issue of Debt
Photon Energy Group Increases Green Bond to EUR 55 Million with the EBRD

29.11.2021 / 08:34
The issuer is solely responsible for the content of this announcement.


Inside information pursuant to Article 17 MAR (public disclosure)

NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN OR IN OR INTO ANY OTHER JURISDICTION WHERE SUCH PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. FURTHER RESTRICTIONS APPLY.

 

Photon Energy Group Increases Green Bond to EUR 55 Million with the EBRD

- The Company has increased its 6.50% Green EUR Bond 2021/2027 by EUR 5 million to the new nominal value of EUR 55 million; the increase was fully placed with the European Bank for Reconstruction and Development (EBRD' as a long-term investor to the bond issuance.

- The Company decided to increase the nominal value of the Bondas a result of its well-received exchange offer - oversubscribed by over EUR 5 million - aswell as the interest of numerous private and institutional investors across Europe, which could only be satisfied by a significant reduction of the allocation to the EBRD.

- The net proceeds of the Bond placement will be used 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 - 29 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 the increase of its first 6.50% Photon Energy Green EUR Bond 2021/27 (ISIN: DE000A3KWKY4) (the 'Bond') in the maximum amount of EUR 55 million. The increased nominal value of EUR 5 million to the maximum amount has been fully placed with the European Bank for Reconstruction and Development ('EBRD').

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Nachrichtenquelle: EQS Group AG
29.11.2021, 08:34  |  104   |   |   

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DGAP-News Photon Energy Group Increases Green Bond to EUR 55 Million with the EBRD DGAP-News: Photon Energy NV / Key word(s): Bond/Issue of Debt Photon Energy Group Increases Green Bond to EUR 55 Million with the EBRD 29.11.2021 / 08:34 The issuer is solely responsible for the content of this announcement. Inside information …

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