Frankfurt/Main, October 14, 2022
Photon Energy N.V., an Amsterdam-based specialist for Renewable Energy Solutions, has once again successfully tapped its first 6.50% Green EUR Bond 2021/2027 under the lead management of Bankhaus Scheich Wertpapierspezialist AG in the amount of EUR 10 million. Despite difficult market conditions, the bond issue met strong demand from the Company’s existing bondholders, who subscribed to more than EUR 6 million in the concomitant exchange offer for the existing EUR Bond 2017/2022 as well as from new institutional investors across Europe. The Company intends to use the net proceeds of the green bond placement to finance or refinance, in part or in whole, new and/or existing eligible assets, as well as financial instruments that were used to finance such projects or assets, in accordance with the Company’s Green Finance Framework, enabling Photon Energy Group to make a significant contribution to an environmentally friendly future.