Subscription period for corporate bond of PNE WIND AG starts(PresseBox) (Cuxhaven, )
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.).