Brief: Photon Energy Group Taps Its 6.50% Green Bond To 75 Million Euros

Photon Energy NV

14/10/2022 05:58

Oct 14 (Reuters) - Photon Energy NV  PENP.WA :
    * EQS-NEWS: PHOTON ENERGY GROUP TAPS ITS 6.50% GREEN BOND TO
75
MILLION EUROS
    * COMPANY HAS TAPPED ITS 6.50% GREEN EUR BOND 2021/2027 BY
EUR 10
MILLION TO A NOMINAL VALUE OF EUR 75 MILLION.
    * COMPANY WILL USE NET PROCEEDS FROM TAP TO FURTHER FINANCE
DEVELOPMENT AND CONSTRUCTION OF ITS PROPRIETARY PORTFOLIO OF
PHOTOVOLTAIC POWER PLANTS
    * BOND TAP WAS MET WITH STRONG DEMAND FROM COMPANY'S
EXISTING
BONDHOLDERS IN AN EXCHANGE OFFER, AS WELL AS NEW INSTITUTIONAL
INVESTORS ACROSS EUROPE
    * GREEN BOND - NOW WITH A NOMINAL VALUE OF EUR 75 MILLION, A
2027
MATURITY AND AN INTEREST RATE OF 6.50% P.A.

Source text for Eikon:  ID:nEQ9LHNS0a 
Further company coverage:  PENP.WA 
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