DGAP-News

Photon Energy Group to Tap its 6.50% Green EUR Bond 2021/2027

Issuer: Photon Energy NV / Key word(s): Bond Photon Energy Group to Tap its 6.50% Green EUR Bond 2021/2027 25.05.2022 / 22:23 The issuer is solely responsible for the content of this announcement. Insider Information Pursuant to Article 17 MAR (Public Disclosure)

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Photon Energy Group to Tap its 6.50% Green EUR Bond 2021/2027

• Photon Energy Group decides to tap its 6.50% Green EUR Bond 2021/2027 (DE000A3KWKY4), issued in November 2021, by up to EUR 10 million to a total of up to EUR 65 million.  
• The new bonds will be offered in a private placement to qualified supranational investors. 

 

Amsterdam – 25 May 2022 – Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW, ISIN: NL0010391108) ("Photon Energy Group" or the "Company") today decided to tap its 6.50% Green Bond 2021/2027 (DE000A3KWKY4) by up to EUR 10 million to a total of up to EUR 65 million, based on positive feedback from the conducted roadshow.

The new bonds of the 6.50% Green Bond 2021/2027 (DE000A3KWKY4) are to be acquired by qualified supranational investors in Germany as well as other countries, excluding the USA, Canada, Australia and Japan in a private placement.

The Company intends to use the net proceeds from the transaction to pursue lucrative opportunities in the solar energy market and to further expand its own portfolio of PV power plants with a regional focus particularly on the solar “hot spots” Hungary, Romania and Poland.

The transaction is accompanied by Bankhaus Scheich Wertpapierspezialist AG, Frankfurt am Main, as Sole Global Coordinator.

 

About Photon Energy Group – photonenergy.com

Photon Energy Group delivers solar energy and clean water solutions around the world. Its solar power services are provided by Photon Energy; since its foundation in 2008, Photon Energy has built and commissioned solar power plants with a combined capacity of over 100 MWp and has power plants with a combined capacity of 91.9 MWp in its proprietary portfolio. It is currently developing projects with a combined capacity of 777 MWp in Australia, Hungary, Poland and Romania and provides operations and maintenance services for 280 MWp worldwide. The group’s second major business line, Photon Water, provides clean water solutions including treatment and remediation services, as well as the development and management of wells and other water resources. Photon Energy N.V., the holding company for Photon Energy Group, is listed on the Warsaw, Prague and Frankfurt Stock Exchanges. The company is headquartered in Amsterdam, with offices in Australia and across Europe.