PNE AG has announced the issuance of a new corporate bond, targeting a volume of up to EUR 65 million with a five-year term from June 18, 2026 to June 18, 2031. The bond, with a nominal value of EUR 1,000 per note, will bear interest at a rate within a range of 6.750% to 7.750%, with the final interest rate expected to be determined on June 11, 2026. This fixed-interest bond offers investors the opportunity to secure 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, and the bond is to be included in the open market (Freiverkehr) of the Frankfurt Stock Exchange. The offer is available to 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, 2026 to June 11, 2026 via Deutsche Börse, subject to early closing.
In addition to the public offering, PNE AG is offering an exchange option for holders of its existing 2022/2027 bond. The voluntary exchange offer period is expected to run from May 22 to June 9, 2026. Bondholders who accept will receive one new 2026/2031 bond (ISIN: DE000A460J75) for each exchanged bond, plus a cash settlement amount of EUR 12.50 per bond and any accrued interest. Participation will be facilitated through the respective custodian bank.
With this issuance, PNE AG aims to refinance its existing 2022/2027 bond at an early stage and improve the maturity structure of its debt capital. Heiko Wuttke, CEO of PNE AG, stated, “By issuing the bond, we are laying a solid foundation for realizing our growth opportunities. 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. Bonds have been firmly established as a building block of our well-diversified bank and capital market financing structure since 2013.”
The securities prospectus has been 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).
PNE AG is an experienced bond issuer, having issued four bonds over the past 13 years. As a listed company in the SDAX, it has an established capital market profile with high transparency and broad analyst coverage. The combination of project sales and a growing own portfolio ensures continuously increasing stability and quality of earnings. Since the last bond issuance, EBITDA from power generation has increased significantly.
The PNE Group, listed in the SDAX, has over 30 years of experience as a project developer in onshore and offshore wind farms, focusing on wind energy and photovoltaic projects worldwide. Its portfolio covers all project planning phases, from site investigation to repowering, and includes services for the entire life cycle of renewable energy plants, as well as battery storage solutions.
