DGAP-News

Photon Energy Group Successfully Taps its 6.50% Green Bond to 65 Million Euros

Issuer: Photon Energy NV / Key word(s): Bond Photon Energy Group Successfully Taps its 6.50% Green Bond to 65 Million Euros 27.05.2022 / 06:51 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 Taps its 6.50% Green Bond to 65 Million Euros

• The Company successfully increased the volume of its 6.50% Green EUR Bond 2021/2027 by the amount of EUR 10 million to EUR 65 million.
• The bond tap was met with strong demand from the Company’s existing bondholders including the European Bank for Reconstruction and Development (‘EBRD‘) as well as numerous new institutional investors across Europe.
• The Company will use the net proceeds from the tap to further finance the development and construction of its proprietary portfolio of photovoltaic power plants, enabling it to make further significant contributions to an environmentally friendly future.

 

Amsterdam – 27 May 2022 – Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW) (‘Photon Energy Group’, the ‘Company’ or the ‘Issuer’) has announced that it has successfully tapped its 6.50% Green EUR Bond 2021/2027 (ISIN: DE000A3KWKY4) in the amount of EUR 10 million to a total outstanding amount of EUR 65 million. The bond tap was met with strong demand from the Company’s existing bondholders including the European Bank for Reconstruction and Development (‘EBRD‘) as well as numerous new institutional investors across Europe.

‘We are very pleased that in this turbulent macroeconomic times not only our existing investors alongside of the European Bank for Reconstruction and Development (‘EBRD‘) have shown their confidence in our business model, but also new investors have been attracted to our green bond. Going forward, our growth strategy with a focus on the merchant model will allow us to benefit from the high electricity prices and substantially contribute to our future performance,’ said Clemens Wohlmuth, CFO of Photon Energy Group.