PNE AG has announced the issuance of a new corporate bond with a target volume of €65 million and a five-year term, aimed at refinancing its existing 2022/2027 bond and optimizing its financing structure. The bond will bear an interest rate between 6.750% and 7.750%, with the final rate to be determined on June 11, 2026, and will mature on June 18, 2031. The issuance is managed by IKB Deutsche Industriebank AG as sole lead manager and bookrunner, and will be listed on the open market of the Frankfurt Stock Exchange.
The offering is open to both institutional and retail investors in Germany, Austria, and Luxembourg. The subscription period runs from May 22 to June 10, 2026, via the PNE AG website, and from May 26 to June 11, 2026, via Deutsche Börse. Additionally, an exchange offer allows holders of the existing 2022/2027 bond to swap each bond for a new 2026/2031 bond plus a cash settlement of €12.50 and any accrued interest. The exchange period is from May 22 to June 9, 2026.
This early-stage refinancing aims to improve the maturity structure of PNE AG’s debt capital and provide financial flexibility to pursue its growth strategy. “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.”
PNE AG, listed in the SDAX, has a track record as a bond issuer, having issued four bonds over the past 13 years. The company’s combined approach of project sales and a growing own portfolio has led to increased earnings stability and quality, with significant growth in EBITDA from power generation since its last bond issuance.
The securities prospectus was approved by the Luxembourg financial supervisory authority, the Commission de Surveillance du Secteur Financier (CSSF), and is available for download on the PNE AG website (https://www.pnegroup.com/en/investor-relations/bond-2026/) and on the Luxembourg Stock Exchange website (www.bourse.lu). The new bond will enable PNE AG to continue financing its project pipeline and interim project costs, solidifying its position as a Clean Energy Solutions Provider in the wind and solar energy sectors. With over 30 years of experience in developing onshore and offshore wind farms, the company aims to leverage this capital to advance its strategic goals.
