PNE WIND AG is launching a corporate bond in Deutsche Börse’s Prime Standard. The bond with the ISIN:DE000A1R0741 can be subscribed from today until 10 May, subject to early termination of subscription in case of high demand. It has a volume of up to €100 million, runs until 1 June 2018 and has an interest rate of 8.0 percent. Its nominal denomination is €1,000.
Trading is planned to commence on 15 May 2013. The applicant for the Regulated Market is M. M. Warburg & CO. The specialist and applicant for the Prime Standard for corporate bonds is Close Brothers Seydler Bank AG.
“We are pleased that PNE WIND AG has decided to place its bonds in the Prime Standard for corporate bonds, thus actively moving closer into the spotlight of international investors. In this segment, PNE WIND AG meets the highest transparency standards in Europe. The Prime Standard for corporate bonds addresses larger listed and non-listed international companies,” commented Dr Cord Gebhardt, Head of Primary Markets at Deutsche Börse.
According to company sources, Cuxhaven-based PNE WIND AG plans and realises wind farms at home and abroad, on land (onshore) and at sea (offshore). Its core competence is in the development, project planning, realisation and financing of wind farms as well as operation, sales and service. PNE WIND AG is increasingly expanding into dynamic growth markets and is already represented via subsidiaries and joint ventures in Hungary, Bulgaria, Romania, Turkey, the UK, Canada and the US.
