25.04.2018
PNE WIND AG DE000A0JBPG2
PNE WIND AG: Successful placement of a EUR 50 million corporate bond
DGAP-Media / 25.04.2018 / 10:02
Press release
PNE WIND AG: Successful placement of a EUR 50 million corporate bond
Cuxhaven, April 25, 2018 - PNE WIND AG has successful placed its corporate
bond 2018/2023 and fixed the definitive volume at EUR 50 million. This
corresponds to the target volume. The rate was fixed at 4.00 % p.a. and thus
at the lower end of the range of 4.00% p.a. to 4.75% p.a.
Markus Lesser, Chief Executive Officer of PNE WIND AG: "We are very pleased
that this placement was completed so successfully and quickly. This shows
that the financial market has great confidence in our enterprise. PNE WIND
has a basis for the future development of the company in this way. At the
same time, we were able to reduce interest charges to a quarter of the
previous level. Our thanks go to the banks that accompanied the placement."
The bearer bonds 2018/2023 were offered by way of a public offer in the
Federal Republic of Germany and the Grand Duchy of Luxembourg (including an
exchange offer with an option to purchase to holders of the bond 2013/2018
running until June 1, 2018 (ISIN DE000A1R0741). In addition the bonds were
offered to institutional investors in the context of a private placement.
The new bonds 2018/2023 are expected to be included in the open market of
the Frankfurt Stock Exchange on May 2, 2018. This issuance is accompanied by
IKB Deutsche Industriebank AG and M.M. Warburg & CO (AG & Co.) KGaA.
Christian Czaya, Syndicate & Sales of IKB Deutsche Kreditbank AG: "The
attractive coupon, also in comparison with other bonds in this segment,
reflects the very good operational development of PNE. This shows that the
market for SME bonds (Mittelstandsanleihen) is available for solid issuers
at attractive conditions."
Martin Dörscher, head of the bond issue business at M.M. Warburg: "The 4%
coupon is a reflection of the successful work of the management board in
recent years. The transaction could be placed broadly to existing and new
institutional investors as well as in the retail segment."
About the PNE WIND Group
PNE WIND Group, a company operating on an international level with two
brands, PNE WIND and WKN, is one of the most experienced project developers
in the field of onshore and offshore wind farms. Based on this success, the
Company has developed to become a "clean energy solutions provider." From
initial site exploration and the approval procedure performance to financing
and turn-key construction to operation and re-powering, the Company's
services encompass all the phases for developing and operating wind farms:
based on this strong position, we continue to develop. In addition to wind
energy, in the future the Company's offer will include photovoltaic,
electricity storage and power-to-gas technologies with a focus on hydrogen.
Contacts for enquiries
PNE WIND AG PNE WIND AG
Rainer Heinsohn Christopher Rodler
Head of Corporate Communications Head of Investor Relations
Tel: +49(0) 4721 718 453 Phone: +49(0) 4721 718 454
Fax: +49(0) 4721 718 373 Fax: +49(0) 4721 718 373
Rainer.Heinsohn(at)pnewind.com Christopher.Rodler(at)pnewind.com
End of Media Release
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Issuer: PNE WIND AG
Key word(s): Energy
25.04.2018 Dissemination of a Press Release, transmitted by DGAP - a service
of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: PNE WIND AG
Peter-Henlein-Straße 2-4
27472 Cuxhaven
Germany
Phone: 04721 / 718 - 06
Fax: 04721 / 718 - 200
E-mail: [email protected]
Internet: http://www.pnewind.com
ISIN: DE000A0JBPG2, DE000A1R0741, , DE000A12UMG0,
WKN: A0JBPG, A1R074, , A12UMG,
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP Media
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678799 25.04.2018
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