The subscription period of PNE WIND AG's corporate bond will start soon. In the course of a public offering in Germany, Austria and Luxemburg interested investors can send the subscription order as of May 6, 2013 to their brokers or banks by stating the ISIN DE000A1R0741, the Frankfurt Stock Exchange as well as the desired subscription volume. Moreover, PNE WIND AG offers an attractive subscription option for retail investors: via its website www.pnewind.com retail investors will be able to subscribe for the bond as of May 4, 2013. For the first 100 subscribers via the corporate website the issuer each guarantees an allotment of up to EUR 10,000. Allotments surpassing this amount may also be possible. The subscription period ends on May 10, 2013, subject to a premature termination.
With the issuance of the corporate bond, divided into bearer bonds with a nominal value of EUR 1,000, the company plans to raise up to EUR 100 million. The bond has a 8% coupon and a term of five years with the maturity date on June 1, 2018. Interest will be paid half yearly on June 1 as well as December 1, with the initial interest payment on December 1, 2013. The rating agency Euler Hermes has rated PNE WIND AG with BBB- and thus issued an investment grade rating. On May 14, 2013, the corporate bond is expected for admission to the Regulated Market and on May 15, 2013 to trade on the Prime Standard segment for corporate bonds of the Frankfurt Stock Exchange. Institutional investors may subscribe for the bond via the consortium banks (Close Brothers Seydler Bank AG, Frankfurt / Main and M.M.Warburg & CO Kommanditgesellschaft auf Aktien, Hamburg).
PNE WIND AG plans to use the net proceeds resulting from the corporate bond to fund further growth. This includes in particular the financing of the purchase price for the acquisition of a majority stake in the WKN AG, Husum; details relating to this transaction have already been disclosed by the company in its ad hoc disclosure dated April 19, 2013. Further possibilities for the use of proceeds include the development of the onshore and offshore pipeline by the purchase of projects in Germany and abroad as well as the interim equity financing of German wind farm projects.
The prospectus approved by the German Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) as well as further information is available for interested investors on the company's website www.pnewind.com.
For more information about the bond please call: 0800 / 5894780 (available from May 4, 2013, 9 a.m.).
Press release Box-ID: 593697
PNE AG
Peter-Henlein-Str. 2-4
27472
Cuxhaven,
Germany
http://www.pnewind.com
Contact
Mr
Rainer
Heinsohn
+49 4721 718453
PNE AG
With its headquarters in Cuxhaven, PNE WIND AG plans and realises wind farm projects on land (onshore) and on the high seas (offshore). In doing so, its core competence lies in the development, project planning, and financing of wind farms and in their operation and sales respectively with the provision of subsequent service. To date, the company has constructed 99 wind farms with 571 wind energy plants and a total nominal output of 820 MW. In Germany (onshore), wind farm projects with over 1,000 MW of nominal output are currently being developed.
In addition to its business activities in the established German home market, PNE WIND AG is increasingly expanding into dynamic growth markets and is already represented in joint ventures and by subsidiary companies in Southeast Europe, Great Britain, USA and Canada. In these countries wind farm projects with a nominal output of more than 2,000 MW are currently being developed and are to be completed in the medium term.
In addition, PNE WIND AG is developing offshore wind farm projects, of which four major projects in German waters have already been approved. An entry into promising foreign markets is also being examined with regard to the offshore sector.
