At the end of the shortened subscription period, the 2022/27 bond was heavily oversubscribed at well over euro 60 million, despite the challenging market environment.
Target volume of euro 50 million already exceeded / Closing of the institutional order book already on June 14 at 09:00 (CEST) (instead of June 15, 2022) / Subscription via the stock exchange ends on June 15, 2022 at 10:00 a.m. (CEST)
Target volume of euro 50 million and a term of 5 years / Subscription opportunity expected to last until June 15 (2:00 p.m.) 2022 / Exchange offer to holders of the 2018/2023 bond and public offer / Coupon fixed at 5.000% (original coupon range from 4.500 to 5.250%) / Improving the financing structure and financing further growth
At PNE AG the subscription period for the new corporate bond 2022/2027 (ISIN DE000A30VJW3) with a target volume of EUR 50 million (with an option to increase), a five-year term and a coupon of between 4.500-5.250% has started yesterday.
PNE thus also fulfils the size criteria relevant for inclusion in the index.
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PNE AG plans to place a corporate bond with a target volume of euro 50 million (with an option to increase).
Annual General Meeting approves dividend
The overall monthly production was way above the defined target.
PNE AG strengthens the management of WKN GmbH and has appointed Jan Messer as new Managing Director of WKN GmbH as of June 01, 2022.
"We have achieved the best Q1 EBITDA result in the company's history and further increased our already well-filled project pipeline to 7.2 GW/GWp," said Markus Lesser, CEO of PNE AG.
Global Infrastructure Partners wants to buy the industry segment.
In the German regional state of Brandenburg, the company has commissioned the Wahlsdorf wind farm with six wind turbines with a nominal output of 19.2 MW.
Lhyfe and wpd have entered into a memorandum of understanding (MoU) to jointly establish and directly connect a facility for green hydrogen production to wpd's planned offshore wind farm, Storgrundet, in Söderhamn.
Markus Lesser, CEO of PNE AG, comments on the excellent business results: "2021 was an exceptionally successful year for PNE AG, both financially and operationally."
German developer published a good annual result achieved in 2021 and positive outlook for 2022.
Renewable energy developer PNE AG has sold two photovoltaic projects in Romania and USA with a total nominal output of around 280 megawatts peak.
Andreas Höllinger is leaving the developer as of 31 July 2022.
wpd denies sales reports, speaks of misinformation.
ABO Wind and John Brazil, 27.5 percent minority shareholder of the SPV, have sold the Irish project Clogheravaddy Wind Farm Ltd to Luxembourg Encavis Infrastructure Fund IV, an alternative investment fund catering to credit institutions.
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