Photon Energy boosts green bond issue to EUR 80m

• Photon Energy NV (WSE: PEN) has boosted its 2021/2027 green bond to a total amount of EUR 80 million (USD 86.7 m), the Amsterdam-based solar power producer stated on Tuesday.

An additional nominal amount of EUR 2.5 million was offered in a personal placement among institutional investors in the UK, Switzerland, Germany, as well as Austria.

The particular bond has a 2027 maturity as well as a rates of interest of 6.50% per annum, payable every three months. It has actually been trading on the Open Market of the Frankfurt Stock Exchange given that November 23, 2021.

Photon Energy prepares to use the proceeds to additionally fund the growth as well as building of solar photovoltaic or pv (PV) power plants as well as refinance some properties. Currently, the firm is functioning to create projects with an integrated capacity of 931 MWp in Australia, Hungary, Poland and also Romania, it said.

Bankhaus Scheich Wertpapierspezialist AG, Frankfurt am Key, worked as single international coordinator as well as bookrunner of the bond offering. In October last year, Photon Energy tapped the 2021/2027 bond issue by EUR 10 million to a nominal value of EUR 75 million.