PNE AG, a SDAX-listed wind and solar project developer, has announced the issuance of a new corporate bond with a target volume of EUR 65 million and a five-year term, aiming to optimise its financing structure and support its strategic growth. The bond, with a term from June 18, 2026, to June 18, 2031, will bear interest at a rate within a range of 6.750% to 7.750%, with the final rate expected on June 11, 2026. The issuance is managed by IKB Deutsche Industriebank AG as sole lead manager and bookrunner, and is to be included in the open market of the Frankfurt Stock Exchange.
The offer targets both institutional and retail investors in Germany, Austria, and Luxembourg. The subscription period runs from May 22, 2026, to June 10, 2026, via the PNE AG website, and from May 26 to June 11, 2026, via Deutsche Börse. In addition, PNE AG is offering an exchange for holders of its existing 2022/2027 bond, which includes a cash settlement of EUR 12.50 per bond plus accrued interest. The exchange period runs from May 22 to June 9, 2026. Bondholders who accept will receive one new 2026/2031 bond for each exchanged bond.
This issuance primarily aims to refinance the existing 2022/2027 bond at an early stage and improve the maturity structure of its debt capital. "By issuing the bond, we are laying a solid foundation for realizing our growth opportunities," said Heiko Wuttke, CEO of PNE AG. "It enables us to continue allocating funds to the development of our project pipeline as well as to the interim financing of projects. This sustainably strengthens our room for manoeuvre in implementing our Focus & Deliver strategy."
The securities prospectus was approved by the Luxembourg financial supervisory authority (CSSF) and is available on the PNE AG website here and on the Luxembourg Stock Exchange website www.bourse.lu.
This is the fourth bond issued by PNE AG over the past 13 years, reflecting its established capital market profile and long track record as a bond issuer. The company notes that since its last bond, EBITDA from power generation has increased significantly, driven by a combination of project sales and a growing own portfolio, which ensures continuously increasing stability and quality of earnings.
The new bond issue comes as PNE AG continues to execute its Focus & Deliver strategy, aiming to allocate funds to project development and interim financing. The early refinancing of the 2022/2027 bond is expected to enhance the company's financial flexibility and support its growth trajectory in the renewable energy sector.
