PNE AG has announced the issuance of a new corporate bond as part of its strategy to strengthen long-term growth and optimise its financing structure. The new bond, with an intended volume of up to €65 million, will run from 18 June 2026 to 18 June 2031.
The fixed-interest bond, issued in denominations of €1,000, is expected to offer an annual interest rate between 6.75% and 7.75%, with the final coupon to be determined on 11 June 2026. According to the company, the offering is designed to provide investors with an attractive long-term return in the current market environment.
The issuance is being managed by IKB Deutsche Industriebank AG as sole lead manager and bookrunner, with plans for inclusion in the open market (Freiverkehr) of the Frankfurt Stock Exchange.
The bond offering targets both institutional and retail investors in Germany, Austria and Luxembourg. Subscription via the company website is scheduled from 22 May to 10 June 2026, while subscriptions through Deutsche Börse are expected to run from 26 May to 11 June 2026, subject to early closure.
In parallel, PNE AG plans to launch a voluntary exchange offer for holders of its existing 2022/2027 bond. Investors participating in the exchange will receive one new 2026/2031 bond for each exchanged note, alongside a cash payment of €12.50 per bond plus accrued interest.
The company stated that the proceeds will primarily be used for the early refinancing of the existing 2022/2027 bond while improving the maturity profile of its debt financing.
“We are laying a solid foundation for realising our growth opportunities,” Heiko Wuttke, CEO of PNE AG told The Voice of Rebnewables. “The bond enables us to continue investing in the development of our project pipeline and the interim financing of projects, thereby strengthening the implementation of our Focus & Deliver strategy.”
The prospectus for the bond has been approved by Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier (CSSF), and published on the company’s website.
This marks the fourth bond issuance by PNE AG in the past 13 years. The SDAX-listed renewable energy company highlighted that its growing proprietary generation portfolio, combined with project sales, has significantly strengthened earnings quality and increased EBITDA contributions from power generation since its previous bond issuance.
By Derek Michalski, Editor, The Voice of Renewables
