Global solar solutions provider PhotonEnergy NV today listed its 6% CZK-bond on the Free Market of thePrague Stock Exchange (PSE), following a public placement in theCzech Republic. Interested investors will still be able tosubscribe to the bond directly through Photon Energy until December2017.
Photon Energy started the public placementof its corporate bonds in the Czech Republic on 24 November 2016.The issue volume of the 6%-bond is 1,050 Mio. CZK. The bond has anominal value of 30,000 CZK, a maturity of 7 years and monthlycoupons. With the listing of the bonds on the Prague StockExchange, investors will have the added bonus of dailyliquidity.
"The combination of a monthlycoupon and the possibility of trading bonds on the Prague StockExchange makes this bond an innovative investment opportunity forinvestors in the Czech Republic“, says Photon EnergyCEO Georg Hotar. Investors will be able to subscribe tothe bond through directly through the issuer until December2017.
Photon Energy aims to use the proceeds ofthe bond issue to finance two large-scale solar power plants inAustralia, with a total capacity of 34 MWp. The company expects theprojects in Leeton and Environa, both in New South Wales, toreceive all necessary approvals by mid-2017. In total, the powerplants would produce 55 GWh of clean energy per year, enough tosupply 9,500 households and save a total of almost 50 thousandtonnes of CO2 per year.
Interested investors can subscribe to thebond online at http://bond16.photonenergy.com/,or through their brokers and banks.
Jan Krcmar
T +420 773 032 182
E jan.krcmar@photonenergy.com